Poland: Wood Bending Machine Market 2024

Wood Bending Machine Market Size in Poland

In 2021, after four years of decline, there was significant growth in the Polish wood bending machine market, when its value increased by 227% to $X. Over the period under review, consumption posted strong growth. Wood bending machine consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Wood Bending Machine Production in Poland

In value terms, wood bending machine production expanded rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a perceptible descent. The pace of growth was the most pronounced in 2015 with an increase of 20%. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Wood Bending Machine Exports

Exports from Poland

In 2021, after three years of growth, there was significant decline in shipments abroad of bending or assembling machines, when their volume decreased by -86.5% to X units. In general, exports showed a dramatic decrease. The pace of growth was the most pronounced in 2018 when exports increased by 183% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, wood bending machine exports amounted to $X in 2021. Over the period under review, exports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2018 with an increase of 221%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Ukraine (X units), the UK (X units) and Belarus (X units) were the main destinations of wood bending machine exports from Poland, together comprising 63% of total exports. Russia, Romania, Bosnia and Herzegovina, Serbia and Lithuania lagged somewhat behind, together comprising a further 26%.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +25.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X), Russia ($X) and Lithuania ($X) constituted the largest markets for wood bending machine exported from Poland worldwide, together accounting for 60% of total exports.

In terms of the main countries of destination, Lithuania, with a CAGR of +256.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average wood bending machine export price amounted to $X per unit, with an increase of 652% against the previous year. Overall, the export price saw a significant expansion. Over the period under review, the average export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Lithuania ($X per unit), while the average price for exports to Italy ($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 Lithuania (+54.1%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Bending Machine Imports

Imports into Poland

In 2021, the amount of bending or assembling machines imported into Poland shrank to X units, declining by -10.1% on 2020 figures. Overall, imports saw a deep contraction. The growth pace was the most rapid in 2016 when imports increased by 563% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, wood bending machine imports skyrocketed to $X in 2021. Over the period under review, imports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 108% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Hungary (X units) constituted the largest wood bending machine supplier to Poland, accounting for a 56% share of total imports. Moreover, wood bending machine imports from Hungary exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. Italy (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Hungary totaled +127.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-12.0% per year) and Italy (-16.9% per year).

In value terms, Germany ($X) constituted the largest supplier of bending or assembling machines to Poland, comprising 60% of total imports. The second position in the ranking was held by Italy ($X), with an 18% share of total imports. It was followed by Austria, with a 9% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+13.2% per year) and Austria (+4.9% per year).

Import Prices by Country

The average wood bending machine import price stood at $X per unit in 2021, rising by 43% against the previous year. In general, the import price posted buoyant growth. The most prominent rate of growth was recorded in 2017 an increase of 139%. The import price peaked in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Austria ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+47.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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