Poland: Cranks And Crankshafts Market 2024

Cranks And Crankshafts Market Size in Poland

In 2022, the Polish cranks and crankshafts market decreased by -10.5% to $X, falling for the fourth consecutive year after two years of growth. In general, consumption recorded a mild decline. Cranks and crankshafts consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Cranks And Crankshafts Production in Poland

In value terms, cranks and crankshafts production fell dramatically to $X in 2022 estimated in export price. Over the period under review, production saw a deep slump. The most prominent rate of growth was recorded in 2013 when the production volume increased by 19% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Cranks And Crankshafts Exports

Exports from Poland

Cranks and crankshafts exports from Poland amounted to X tons in 2022, remaining relatively unchanged against the previous year's figure. Over the period under review, exports recorded a remarkable increase. The pace of growth appeared the most rapid in 2019 when exports increased by 46%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, cranks and crankshafts exports amounted to $X in 2022. Overall, exports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 29% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for cranks and crankshafts exports from Poland, with a 36% share of total exports. Moreover, cranks and crankshafts exports to Germany exceeded the volume sent to the second major destination, the UK (X tons), threefold. France (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled +8.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+17.1% per year) and France (+11.6% per year).

In value terms, Germany ($X), France ($X) and the UK ($X) were the largest markets for cranks and crankshafts exported from Poland worldwide, together accounting for 51% of total exports. The United States, Italy, Sweden, China, Finland, Hungary, the Czech Republic, Slovakia, Spain and Denmark lagged somewhat behind, together comprising a further 39%.

In terms of the main countries of destination, Slovakia, with a CAGR of +38.9%, 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

The average cranks and crankshafts export price stood at $X per ton in 2022, growing by 1.9% against the previous year. Over the period under review, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cranks and crankshafts export price decreased by -18.1% against 2018 indices. The growth pace was the most rapid in 2015 when the average export price increased by 26% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Slovakia ($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 Spain (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

Cranks And Crankshafts Imports

Imports into Poland

After two years of decline, supplies from abroad of cranks and crankshafts increased by 14% to X tons in 2022. The total import volume increased at an average annual rate of +2.5% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, cranks and crankshafts imports rose sharply to $X in 2022. In general, total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +3.7% 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 +67.6% against 2016 indices. The growth pace was the most rapid in 2018 with an increase of 16%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

Germany (X tons), Spain (X tons) and China (X tons) were the main suppliers of cranks and crankshafts imports to Poland, with a combined 82% share of total imports. Italy, France, South Korea, Slovenia and Japan lagged somewhat behind, together accounting for a further 9.5%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +25.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of cranks and crankshafts to Poland, comprising 53% of total imports. The second position in the ranking was taken by Spain ($X), with a 16% share of total imports. It was followed by China, with a 7.1% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+10.2% per year) and China (+22.9% per year).

Import Prices by Country

The average cranks and crankshafts import price stood at $X per ton in 2022, shrinking by -4.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2018 an increase of 15%. The import price peaked at $X per ton in 2021, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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