Poland: Wire And Cable Market 2024

Wire And Cable Market Size in Poland

The Polish wire and cable market declined rapidly to $X in 2021, which is down by -26.8% against the previous year. In general, consumption saw a relatively flat trend pattern. Wire and cable consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Wire And Cable Production in Poland

In value terms, wire and cable production totaled $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 15%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Wire And Cable Exports

Exports from Poland

In 2021, overseas shipments of insulated wire and cable increased by 5.4% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +2.9% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2014 when exports increased by 7.4%. The exports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, wire and cable exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +4.7% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for wire and cable exports from Poland, accounting for a 36% share of total exports. Moreover, wire and cable exports to Germany exceeded the volume sent to the second major destination, the Czech Republic (X tons), fourfold. The UK (X tons) ranked third in terms of total exports with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at +3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-0.8% per year) and the UK (+0.1% per year).

In value terms, Germany ($X) remains the key foreign market for insulated wire and cable exports from Poland, comprising 35% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 6.6% share of total exports. It was followed by Sweden, with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at +4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+1.8% per year) and Sweden (+6.1% per year).

Export Prices by Country

The average wire and cable export price stood at $X per ton in 2021, rising by 20% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.8%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Croatia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Wire And Cable Imports

Imports into Poland

For the fifth consecutive year, Poland recorded growth in overseas purchases of insulated wire and cable, which increased by 22% to X tons in 2021. In general, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +90.9% against 2013 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, wire and cable imports surged to $X in 2021. Overall, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +94.5% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), the Czech Republic (X tons) and China (X tons) were the main suppliers of wire and cable imports to Poland, together comprising 47% of total imports. These countries were followed by Italy, Romania, the Netherlands, Turkey, Spain, Sweden, Belarus, France, Belgium and Austria, which together accounted for a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belarus (with a CAGR of +86.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of insulated wire and cable to Poland, comprising 26% of total imports. The second position in the ranking was taken by China ($X), with a 12% share of total imports. It was followed by the Czech Republic, with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+8.3% per year) and the Czech Republic (+6.9% per year).

Import Prices by Country

In 2021, the average wire and cable import price amounted to $X per ton, with an increase of 9.4% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 10% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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 ($X per ton), while the price for Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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