Poland: Market for Articles Of Iron Or Steel 2024

Market Size for Articles Of Iron Or Steel in Poland

The Polish steel and iron articles market contracted to $X in 2022, waning by -7% against the previous year. In general, consumption saw a pronounced descent. Steel and iron articles consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Articles Of Iron Or Steel in Poland

In value terms, steel and iron articles production soared to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Articles Of Iron Or Steel

Exports from Poland

In 2022, exports of articles of iron or steel from Poland fell slightly to X tons, waning by -2.1% compared with the previous year. Overall, total exports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +12.5% against 2020 indices. The pace of growth was the most pronounced in 2018 when exports increased by 21%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, steel and iron articles exports rose significantly to $X in 2022. In general, exports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 38%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Germany (X tons) was the main destination for steel and iron articles exports from Poland, accounting for a 44% share of total exports. Moreover, steel and iron articles exports to Germany exceeded the volume sent to the second major destination, the Netherlands (X tons), sixfold. The third position in this ranking was taken by Sweden (X tons), with a 5.1% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled +3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+10.2% per year) and Sweden (+3.2% per year).

In value terms, Germany ($X) remains the key foreign market for articles of iron or steel exports from Poland, comprising 42% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 6.8% share of total exports. It was followed by Sweden, with a 5.5% share.

From 2012 to 2022, the average annual growth rate of value to Germany amounted to +8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+12.6% per year) and Sweden (+5.6% per year).

Export Prices by Country

The average steel and iron articles export price stood at $X per ton in 2022, growing by 9.4% against the previous year. In general, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, steel and iron articles export price increased by +65.2% against 2016 indices. The growth pace was the most rapid in 2021 when the average export price increased by 15%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Austria ($X per ton) and Russia ($X per ton), while the average price for exports to the Netherlands ($X per ton) and Romania ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Articles Of Iron Or Steel

Imports into Poland

Steel and iron articles imports into Poland reduced modestly to X tons in 2022, which is down by -4.4% on 2021. The total import volume increased at an average annual rate of +4.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 23%. As a result, imports attained the peak of X tons, and then dropped in the following year.

In value terms, steel and iron articles imports shrank modestly to $X in 2022. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +32.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 35% against the previous year. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

Germany (X tons), China (X tons) and Italy (X tons) were the main suppliers of steel and iron articles imports to Poland, with a combined 58% share of total imports. The Czech Republic, Austria, Sweden, Spain, Turkey, France, the UK, Slovakia, Slovenia and Romania lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the biggest increases were recorded for Slovenia (with a CAGR of +29.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest steel and iron articles suppliers to Poland were Germany ($X), China ($X) and Italy ($X), together comprising 57% of total imports. The Czech Republic, France, Sweden, the UK, Spain, Turkey, Austria, Slovakia, Slovenia and Romania lagged somewhat behind, together accounting for a further 26%.

Slovenia, with a CAGR of +20.8%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average steel and iron articles import price amounted to $X per ton, picking up by 3.1% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 20% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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