Poland: Market for Grinding And Sharpening Metal Finishing Machines 2024

Market Size for Grinding And Sharpening Metal Finishing Machines in Poland

The Polish grinding and sharpening machine market reduced sharply to $X in 2022, shrinking by -17.9% against the previous year. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Grinding And Sharpening Metal Finishing Machines in Poland

In value terms, grinding and sharpening machine production contracted to $X in 2022 estimated in export price. In general, production, however, saw a noticeable setback. The pace of growth was the most pronounced in 2016 with an increase of 96% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Exports of Grinding And Sharpening Metal Finishing Machines

Exports from Poland

In 2022, shipments abroad of grinding and sharpening metal finishing machines decreased by -26.5% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of 98% against the previous year. As a result, the exports attained the peak of X units, and then reduced sharply in the following year.

In value terms, grinding and sharpening machine exports shrank significantly to $X in 2022. Over the period under review, exports, however, saw a moderate increase. The growth pace was the most rapid in 2021 with an increase of 131%. As a result, the exports reached the peak of $X, and then shrank significantly in the following year.

Exports by Country

Germany (X units), Slovakia (X units) and the Czech Republic (X units) were the main destinations of grinding and sharpening machine exports from Poland, together accounting for 47% of total exports. Romania, Denmark, Lithuania, Austria, Latvia, Ireland, India, the United States, Hungary and Azerbaijan lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ireland (with a CAGR of +97.7%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and Denmark ($X) appeared to be the largest markets for grinding and sharpening machine exported from Poland worldwide, with a combined 44% share of total exports. Romania, Slovakia, the Czech Republic, Lithuania, India, Austria, Latvia, Azerbaijan, Hungary and Ireland lagged somewhat behind, together comprising a further 23%.

In terms of the main countries of destination, Ireland, with a CAGR of +64.1%, recorded 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 2022, the average grinding and sharpening machine export price amounted to $X per unit, with a decrease of -7.7% against the previous year. Overall, the export price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 58% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Ireland ($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 the United States (+11.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Grinding And Sharpening Metal Finishing Machines

Imports into Poland

In 2022, supplies from abroad of grinding and sharpening metal finishing machines decreased by -20% to X units for the first time since 2016, thus ending a five-year rising trend. Overall, imports, however, recorded moderate growth. The most prominent rate of growth was recorded in 2018 with an increase of 61% against the previous year. Over the period under review, imports attained the peak figure at X units in 2021, and then declined markedly in the following year.

In value terms, grinding and sharpening machine imports reduced markedly to $X in 2022. In general, imports saw a pronounced downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 48%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Germany (X units) and the Czech Republic (X units) were the main suppliers of grinding and sharpening machine imports to Poland, with a combined 96% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +19.7%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest grinding and sharpening machine suppliers to Poland were Germany ($X), China ($X) and the Czech Republic ($X), with a combined 66% share of total imports.

China, with a CAGR of +7.8%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average grinding and sharpening machine import price amounted to $X per unit, growing by 2% against the previous year. Over the period under review, the import price, however, saw a drastic downturn. The growth pace was the most rapid in 2014 an increase of 68% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average 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 the Czech Republic ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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