Poland: Metal Self-Locking Nut Market 2024

Metal Self-Locking Nut Market Size in Poland

The Polish metal self-locking nut market soared to $X in 2021, surging by 36% against the previous year. In general, consumption posted resilient growth. Metal self-locking nut consumption peaked in 2021 and is expected to retain growth in the near future.

Metal Self-Locking Nut Production in Poland

In value terms, metal self-locking nut production rose to $X in 2021 estimated in export price. Over the period under review, production, however, showed a noticeable curtailment. The most prominent rate of growth was recorded in 2013 when the production volume increased by 4.4% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Metal Self-Locking Nut Exports

Exports from Poland

Metal self-locking nut exports from Poland expanded rapidly to X tons in 2021, increasing by 9.8% compared with 2020. Over the period under review, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of 340% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, metal self-locking nut exports skyrocketed to $X in 2021. Overall, exports posted a resilient expansion. The pace of growth was the most pronounced in 2020 with an increase of 384%. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in years to come.

Exports by Country

The Czech Republic (X tons), Slovakia (X tons) and Germany (X tons) were the main destinations of metal self-locking nut exports from Poland, with a combined 41% share of total exports. These countries were followed by New Zealand, Hungary, Ukraine, Russia, Lithuania, Romania, Austria, Belarus, France and Spain, which together accounted for a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by New Zealand (with a CAGR of +156.0%), while the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X), Germany ($X) and the Czech Republic ($X) appeared to be the largest markets for metal self-locking nut exported from Poland worldwide, with a combined 43% share of total exports. These countries were followed by Russia, Austria, Ukraine, Hungary, Belarus, France, Romania, Lithuania, Spain and New Zealand, which together accounted for a further 31%.

New Zealand, with a CAGR of +119.7%, recorded the highest growth rate of 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

In 2021, the average metal self-locking nut export price amounted to $X per ton, surging by 4.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2016 an increase of 18% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 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 Austria ($X per ton), while the average price for exports to New Zealand ($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 Slovakia (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Self-Locking Nut Imports

Imports into Poland

In 2021, approx. X tons of iron or steel nuts (including self-locking nuts) were imported into Poland; surging by 14% on the year before. In general, imports saw a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 248%. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, metal self-locking nut imports surged to $X in 2021. Overall, imports enjoyed a prominent increase. The growth pace was the most rapid in 2020 when imports increased by 243%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest metal self-locking nut supplier to Poland, accounting for a 44% share of total imports. Moreover, metal self-locking nut imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was held by Taiwan (Chinese) (X tons), with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.8% per year) and Taiwan (Chinese) (+8.2% per year).

In value terms, the largest metal self-locking nut suppliers to Poland were Germany ($X), China ($X) and Taiwan (Chinese) ($X), together accounting for 55% of total imports. Italy, the Czech Republic, Spain and Slovakia lagged somewhat behind, together accounting for a further 12%.

In terms of the main suppliers, the Czech Republic, with a CAGR of +17.1%, saw 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

The average metal self-locking nut import price stood at $X per ton in 2021, growing by 23% against the previous year. Over the last nine years, it increased at an average annual rate of +1.4%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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