Poland: Working Wire Machine Market 2024

Working Wire Machine Market Size in Poland

In 2021, after three years of decline, there was growth in the Polish working wire machine market, when its value increased by 2.1% to $X. In general, consumption, however, recorded a perceptible setback. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Working Wire Machine Production in Poland

In value terms, working wire machine production declined to $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 24%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Working Wire Machine Exports

Exports from Poland

For the third year in a row, Poland recorded growth in overseas shipments of machines for working wire, which increased by 33% to X units in 2021. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 128%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, working wire machine exports rose markedly to $X in 2021. In general, exports recorded resilient growth. The pace of growth was the most pronounced in 2017 with an increase of 212%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the near future.

Exports by Country

Russia (X units) was the main destination for working wire machine exports from Poland, with a 55% share of total exports. Moreover, working wire machine exports to Russia exceeded the volume sent to the second major destination, India (X units), fivefold. Turkey (X units) ranked third in terms of total exports with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia amounted to +33.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+96.1% per year) and Turkey (+18.5% per year).

In value terms, Russia ($X) emerged as the key foreign market for machines for working wire exports from Poland, comprising 43% of total exports. The second position in the ranking was held by Germany ($X), with a 19% share of total exports. It was followed by Turkey, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia totaled +41.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+1.7% per year) and Turkey (+56.7% per year).

Export Prices by Country

The average working wire machine export price stood at $X per unit in 2021, reducing by -20% against the previous year. In general, the export price saw a perceptible setback. The pace of growth was the most pronounced in 2017 an increase of 79% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to India ($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 (+31.7%), while the prices for the other major destinations experienced more modest paces of growth.

Working Wire Machine Imports

Imports into Poland

Working wire machine imports into Poland soared to X units in 2021, jumping by 67% compared with the previous year's figure. Over the period under review, imports showed resilient growth. The growth pace was the most rapid in 2016 with an increase of 79%. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in years to come.

In value terms, working wire machine imports dropped modestly to $X in 2021. In general, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of 81% against the previous year. Imports peaked at $X in 2020, and then declined modestly in the following year.

Imports by Country

In 2021, China (X units) constituted the largest supplier of working wire machine to Poland, accounting for a 63% share of total imports. Moreover, working wire machine imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. Belgium (X units) ranked third in terms of total imports with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +20.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+28.4% per year) and Belgium (+45.4% per year).

In value terms, China ($X) constituted the largest supplier of machines for working wire to Poland, comprising 55% of total imports. The second position in the ranking was held by Germany ($X), with a 14% share of total imports. It was followed by Italy, with an 8.2% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +22.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+15.6% per year) and Italy (+0.5% per year).

Import Prices by Country

In 2021, the average working wire machine import price amounted to $X per unit, shrinking by -40.9% against the previous year. Over the period under review, import price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the average import price increased by 55%. The import price peaked at $X per unit in 2020, and then contracted remarkably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+50.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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