Poland: Concrete Reinforcing Bar Market 2024

Concrete Reinforcing Bar Market Size in Poland

The Polish concrete reinforcing bar market fell notably to $X in 2022, with a decrease of -21.8% against the previous year. In general, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +1.4% against 2020 indices. Concrete reinforcing bar consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Concrete Reinforcing Bar Production in Poland

In value terms, concrete reinforcing bar production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a perceptible downturn. The most prominent rate of growth was recorded in 2017 with an increase of 27% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Concrete Reinforcing Bar Exports

Exports from Poland

In 2022, shipments abroad of concrete reinforcing bars was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a abrupt setback. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, concrete reinforcing bar exports skyrocketed to $X in 2022. Overall, exports, however, saw a noticeable reduction. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for concrete reinforcing bar exports from Poland, accounting for a 36% share of total exports. Moreover, concrete reinforcing bar exports to Germany exceeded the volume sent to the second major destination, the Czech Republic (X tons), twofold. The third position in this ranking was held by Slovakia (X tons), with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at -2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-14.3% per year) and Slovakia (-9.0% per year).

In value terms, Germany ($X) remains the key foreign market for concrete reinforcing bars exports from Poland, comprising 36% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 17% share of total exports. It was followed by Slovakia, with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at +1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-10.5% per year) and Slovakia (-5.0% per year).

Export Prices by Country

In 2022, the average concrete reinforcing bar export price amounted to $X per ton, growing by 24% against the previous year. Over the period under review, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, concrete reinforcing bar export price increased by +90.5% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 53% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Slovenia ($X per ton) and Sweden ($X per ton), while the average price for exports to Norway ($X per ton) and Latvia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Concrete Reinforcing Bar Imports

Imports into Poland

In 2022, the amount of concrete reinforcing bars imported into Poland dropped sharply to X tons, reducing by -33.1% on the year before. In general, imports, however, saw prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 72%. As a result, imports reached the peak of X tons, and then fell markedly in the following year.

In value terms, concrete reinforcing bar imports shrank rapidly to $X in 2022. Over the period under review, imports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2021 when imports increased by 169%. As a result, imports attained the peak of $X, and then reduced sharply in the following year.

Imports by Country

Germany (X tons), Hungary (X tons) and the Czech Republic (X tons) were the main suppliers of concrete reinforcing bar imports to Poland, together accounting for 62% of total imports. Italy, Belarus, Ukraine, Russia, Spain, Lithuania, Moldova and Slovakia lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +73.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Hungary ($X) and the Czech Republic ($X) were the largest concrete reinforcing bar suppliers to Poland, with a combined 63% share of total imports. Italy, Belarus, Ukraine, Russia, Spain, Lithuania, Moldova and Slovakia lagged somewhat behind, together accounting for a further 31%.

Among the main suppliers, Spain, with a CAGR of +74.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average concrete reinforcing bar import price amounted to $X per ton, rising by 20% against the previous year. In general, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, concrete reinforcing bar import price increased by +87.4% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 56% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Italy ($X per ton) and Slovakia ($X per ton), while the price for Belarus ($X per ton) and Moldova ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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