Poland: Working Wire Machine Market 2022

Working Wire Machine Market Size in Poland

In 2021, the Polish working wire machine market decreased by -26.5% to $X, falling for the fourth year in a row after two years of growth. Overall, consumption saw a abrupt downturn. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Working Wire Machine Production in Poland

In value terms, working wire machine production rose remarkably to $X in 2021 estimated in export price. In general, production, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2016 when the production volume increased by 17% against the previous year. Working wire machine production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Working Wire Machine Exports

Exports from Poland

In 2021, exports of machines for working wire from Poland soared to X units, growing by 54% against 2020. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 456%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, working wire machine exports rose notably to $X in 2021. In general, exports posted buoyant growth. The pace of growth was the most pronounced in 2017 when exports increased by 212%. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Russia (X units), Romania (X units) and the UK (X units) were the main destinations of working wire machine exports from Poland, together accounting for 54% of total exports.

From 2012 to 2021, the biggest increases were in Romania (with a CAGR of +5,266.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) emerged as the key foreign market for working wire machine exports from Poland, comprising 43% of total exports. The second position in the ranking was taken by Turkey ($X), with an 11% share of total exports. It was followed by Italy, with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia amounted to +41.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+56.7% per year) and Italy (-0.5% per year).

Export Prices by Country

The average working wire machine export price stood at $X per unit in 2021, shrinking by -30.5% against the previous year. Overall, the export price showed a abrupt decline. The pace of growth was the most pronounced in 2018 when the average export price increased by 34% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2021, the the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per unit), while the average price for exports to Romania ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.

Working Wire Machine Imports

Imports into Poland

For the third consecutive year, Poland recorded growth in overseas purchases of machines for working wire, which increased by 62% to X units in 2021. Overall, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 204% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, working wire machine imports fell modestly to $X in 2021. Over the period under review, imports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of 81%. Over the period under review, imports hit record highs at $X in 2020, and then declined modestly in the following year.

Imports by Country

China (X units), Japan (X units) and Belgium (X units) were the main suppliers of working wire machine imports to Poland, together accounting for 85% of total imports.

From 2012 to 2021, the biggest increases were in Belgium (with a CAGR of +102.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of working wire machine to Poland, comprising 55% of total imports. The second position in the ranking was taken by Germany ($X), with a 14% share of total imports. It was followed by Italy, with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +22.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+15.5% per year) and Italy (+0.5% per year).

Import Prices by Country

In 2021, the average working wire machine import price amounted to $X per unit, falling by -39.4% against the previous year. Over the period under review, the import price saw a abrupt slump. The pace of growth was the most pronounced in 2013 when the average import price increased by 46%. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+4.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :