Poland: Market for Machines For Balancing Mechanical Parts 2024

Market Size for Machines For Balancing Mechanical Parts in Poland

The Polish balancing mechanical parts machine market skyrocketed to $X in 2021, jumping by 53% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. Balancing mechanical parts machine consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Machines For Balancing Mechanical Parts in Poland

In value terms, balancing mechanical parts machine production dropped sharply to $X in 2021 estimated in export price. Over the period under review, production showed a abrupt decrease. The most prominent rate of growth was recorded in 2020 when the production volume increased by 55% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Machines For Balancing Mechanical Parts

Exports from Poland

In 2021, approx. X units of machines for balancing mechanical parts were exported from Poland; increasing by 23% compared with 2020. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 83%. 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, balancing mechanical parts machine exports expanded markedly to $X in 2021. Over the period under review, exports saw prominent growth. The pace of growth appeared the most rapid in 2018 when exports increased by 119% against the previous year. 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

Slovakia (X units), the Czech Republic (X units) and Romania (X units) were the main destinations of balancing mechanical parts machine exports from Poland, with a combined 32% share of total exports. France, Slovenia, Germany, Spain, Hungary, Italy, Ukraine, Finland, Turkey and Lithuania lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2021, the biggest increases were recorded for Finland (with a CAGR of +74.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for balancing mechanical parts machine exported from Poland were the Czech Republic ($X), Slovakia ($X) and France ($X), together comprising 20% of total exports. Romania, Germany, Spain, Italy, Slovenia, Turkey, Ukraine, Hungary, Finland and Lithuania lagged somewhat behind, together accounting for a further 37%.

Hungary, with a CAGR of +56.0%, recorded the highest growth rate of the value of exports, in terms of 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

The average balancing mechanical parts machine export price stood at $X per unit in 2021, falling by -8.5% against the previous year. In general, the export price showed a abrupt setback. The most prominent rate of growth was recorded in 2018 an increase of 20% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Italy ($X per unit), while the average price for exports to Finland ($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 Turkey (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines For Balancing Mechanical Parts

Imports into Poland

In 2021, after two years of decline, there was significant growth in purchases abroad of machines for balancing mechanical parts, when their volume increased by 60% to X units. Over the period under review, imports showed strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, balancing mechanical parts machine imports surged to $X in 2021. In general, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +9.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of balancing mechanical parts machine to Poland, accounting for a 81% share of total imports. Moreover, balancing mechanical parts machine imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold. The third position in this ranking was taken by Russia (X units), with a 4.5% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +27.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+15.3% per year) and Russia (+38.4% per year).

In value terms, China ($X) constituted the largest supplier of machines for balancing mechanical parts to Poland, comprising 54% of total imports. The second position in the ranking was taken by Germany ($X), with a 24% share of total imports. It was followed by Italy, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +30.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.6% per year) and Italy (-6.9% per year).

Import Prices by Country

The average balancing mechanical parts machine import price stood at $X per unit in 2021, surging by 11% against the previous year. Over the period under review, the import price, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2013 an increase of 12% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: 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 China (+2.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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