Poland: Gear Box Market 2024

Gear Box Market Size in Poland

The Polish gear box market dropped to $X in 2022, with a decrease of -13.8% against the previous year. The market value increased at an average annual rate of +2.7% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Gear Box Production in Poland

In value terms, gear box production fell to $X in 2022 estimated in export price. Over the period under review, the total production indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -24.8% against 2019 indices. The growth pace was the most rapid in 2019 when the production volume increased by 79%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Gear Box Exports

Exports from Poland

In 2022, overseas shipments of gear boxes increased by 18% to X units, rising for the second year in a row after four years of decline. Overall, exports, however, showed a slight shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 31%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, gear box exports skyrocketed to $X in 2022. Over the period under review, total exports indicated a measured expansion 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, exports increased by +112.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 55% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

France (X units), Germany (X units) and Italy (X units) were the main destinations of gear box exports from Poland, together comprising 56% of total exports. The UK, the Czech Republic, Hungary, Mexico and the Netherlands lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +20.6%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and the Czech Republic ($X) were the largest markets for gear box exported from Poland worldwide, together comprising 59% of total exports. Hungary, the UK, Italy, Mexico and the Netherlands lagged somewhat behind, together comprising a further 30%.

Mexico, with a CAGR of +25.4%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average gear box export price stood at $X per unit in 2022, surging by 16% against the previous year. In general, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, gear box export price increased by +82.6% against 2016 indices. The pace of growth was the most pronounced in 2021 an increase of 19%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

Gear Box Imports

Imports into Poland

In 2022, approx. X units of gear boxes were imported into Poland; approximately reflecting the previous year. The total import volume increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of 11% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, gear box imports reduced to $X in 2022. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 12% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of gear box to Poland, with a 52% share of total imports. Moreover, gear box imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), fourfold. Japan (X units) ranked third in terms of total imports with a 9.8% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-4.7% per year) and Japan (+4.1% per year).

In value terms, Germany ($X) constituted the largest supplier of gear boxes to Poland, comprising 55% of total imports. The second position in the ranking was held by Italy ($X), with a 13% share of total imports. It was followed by Japan, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-5.9% per year) and Japan (+4.4% per year).

Import Prices by Country

The average gear box import price stood at $X per unit in 2022, which is down by -8.8% against the previous year. In general, the import price recorded a slight downturn. The most prominent rate of growth was recorded in 2018 an increase of 7.6% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Sweden ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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