Poland: Market for Articles Of Non-Malleable Cast Iron 2024

Market Size for Articles Of Non-Malleable Cast Iron in Poland

The Polish non-malleable cast iron articles market fell to $X in 2022, waning by -9.2% against the previous year. Overall, the total consumption indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +5.3% against 2020 indices. Non-malleable cast iron articles consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Articles Of Non-Malleable Cast Iron in Poland

In value terms, non-malleable cast iron articles production contracted to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 30% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Articles Of Non-Malleable Cast Iron

Exports from Poland

In 2022, approx. X tons of articles of non-malleable cast iron were exported from Poland; increasing by 3.5% compared with the year before. In general, exports, however, saw a slight reduction. The most prominent rate of growth was recorded in 2017 with an increase of 25%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, non-malleable cast iron articles exports skyrocketed to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 26%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Germany (X tons) was the main destination for non-malleable cast iron articles exports from Poland, accounting for a 42% share of total exports. Moreover, non-malleable cast iron articles exports to Germany exceeded the volume sent to the second major destination, the Czech Republic (X tons), fivefold. Hungary (X tons) ranked third in terms of total exports with an 8.5% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled -2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+2.5% per year) and Hungary (+2.1% per year).

In value terms, Germany ($X) remains the key foreign market for articles of non-malleable cast iron exports from Poland, comprising 39% of total exports. The second position in the ranking was taken by Hungary ($X), with an 11% share of total exports. It was followed by the Czech Republic, with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at -1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+3.5% per year) and the Czech Republic (+3.3% per year).

Export Prices by Country

The average non-malleable cast iron articles export price stood at $X per ton in 2022, picking up by 12% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2018 an increase of 13%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Articles Of Non-Malleable Cast Iron

Imports into Poland

In 2022, purchases abroad of articles of non-malleable cast iron increased by 2.2% to X tons, rising for the second year in a row after two years of decline. Overall, total imports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +3.9% 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 +17.6% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 78% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, non-malleable cast iron articles imports expanded sharply to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 51% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of non-malleable cast iron articles to Poland, with a 48% share of total imports. Moreover, non-malleable cast iron articles imports from Germany exceeded the figures recorded by the second-largest supplier, Denmark (X tons), threefold. The third position in this ranking was taken by the Czech Republic (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+54.9% per year) and the Czech Republic (+8.0% per year).

In value terms, Germany ($X) constituted the largest supplier of articles of non-malleable cast iron to Poland, comprising 46% of total imports. The second position in the ranking was held by Denmark ($X), with a 14% share of total imports. It was followed by the Czech Republic, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled -2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+57.4% per year) and the Czech Republic (+5.8% per year).

Import Prices by Country

In 2022, the average non-malleable cast iron articles import price amounted to $X per ton, surging by 12% against the previous year. Overall, the import price, however, recorded a pronounced reduction. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 ($X per ton), while the price for India ($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 UK (+17.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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