Poland: Gear Cutting Machine Market 2024

Gear Cutting Machine Market Size in Poland

The Polish gear cutting machine market soared to $X in 2021, with an increase of 156% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, saw a abrupt contraction. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Gear Cutting Machine Exports

Exports from Poland

After two years of decline, shipments abroad of gear cutting, gear grinding or gear finishing machines increased by 140% to X units in 2021. Overall, exports showed prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 1,400% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, gear cutting machine exports dropped dramatically to $X in 2021. Over the period under review, exports, however, showed a noticeable downturn. The pace of growth was the most pronounced in 2018 when exports increased by 1,360%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Italy (X units) was the main destination for gear cutting machine exports from Poland, with a 52% share of total exports. Moreover, gear cutting machine exports to Italy exceeded the volume sent to the second major destination, Uzbekistan (X units), fourfold. Belarus (X units) ranked third in terms of total exports with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (0.0% per year) and Belarus (+16.7% per year).

In value terms, Singapore ($X), Belarus ($X) and Uzbekistan ($X) were the largest markets for gear cutting machine exported from Poland worldwide, together comprising 36% of total exports. These countries were followed by Russia, Italy, Germany, Austria, Portugal, Sweden and the Czech Republic, which together accounted for a further 16%.

In terms of the main countries of destination, Germany, with a CAGR of +32.7%, recorded the highest growth rate of 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 gear cutting machine export price amounted to $X per unit, dropping by -65.1% against the previous year. Over the period under review, the export price saw a abrupt shrinkage. The growth pace was the most rapid in 2015 an increase of 605% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a 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 Singapore ($X per unit), while the average price for exports to Sweden ($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 the Czech Republic (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Gear Cutting Machine Imports

Imports into Poland

In 2021, purchases abroad of gear cutting, gear grinding or gear finishing machines was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2015 when imports increased by 348% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, gear cutting machine imports contracted rapidly to $X in 2021. In general, imports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of 472% against the previous year. As a result, imports reached the peak of $X, and then shrank markedly in the following year.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of gear cutting machine to Poland, accounting for a 66% share of total imports. Moreover, gear cutting machine imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. The third position in this ranking was taken by Belgium (X units), with a 1.7% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled -7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+32.0% per year) and Belgium (-30.2% per year).

In value terms, Germany ($X) constituted the largest supplier of gear cutting, gear grinding or gear finishing machines to Poland, comprising 85% of total imports. The second position in the ranking was held by Italy ($X), with a 14% share of total imports. It was followed by Belgium, with a 1.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to -13.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+19.1% per year) and Belgium (-35.7% per year).

Import Prices by Country

In 2021, the average gear cutting machine import price amounted to $X per unit, reducing by -93.3% against the previous year. Over the period under review, the import price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 an increase of 880% against the previous year. As a result, import price attained the peak level of $X per unit, and then fell remarkably in the following year.

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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+69.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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