Poland: Market for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels 2022

Market Size for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels in Poland

The Polish market for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels contracted significantly to $X in 2021, with a decrease of -24.6% against the previous year. Overall, the total consumption indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +42.7% against 2019 indices. As a result, consumption reached the peak level of $X, and then contracted significantly in the following year.

Production of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels in Poland

In value terms, grease fittings and oil seals production skyrocketed to $X in 2021 estimated in export price. Over the period under review, the total production indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -29.9% against 2018 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by 51% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Exports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Exports from Poland

In 2021, grease fittings and oil seals exports from Poland skyrocketed to X units, picking up by 20% compared with 2020. Overall, exports saw resilient growth. The growth pace was the most rapid in 2020 when exports increased by 51% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, grease fittings and oil seals exports rose slightly to $X in 2021. The total export value increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 when exports increased by 24%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X units) was the main destination for grease fittings and oil seals exports from Poland, accounting for a 31% share of total exports. Moreover, grease fittings and oil seals exports to Germany exceeded the volume sent to the second major destination, Ireland (X units), twofold. The third position in this ranking was held by Finland (X units), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (+95.0% per year) and Finland (+41.6% per year).

In value terms, Germany ($X) remains the key foreign market for grease fittings and oil seals exports from Poland, comprising 42% of total exports. The second position in the ranking was held by Denmark ($X), with a 9.8% share of total exports. It was followed by Sweden, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled +1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+50.9% per year) and Sweden (+9.7% per year).

Export Prices by Country

In 2021, the average export price for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels amounted to $X per unit, declining by -13.9% against the previous year. In general, the export price saw a abrupt decrease. The most prominent rate of growth was recorded in 2018 when the average export price increased by 19% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2021, the 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 Germany ($X per unit), while the average price for exports to Ireland ($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 Denmark (-3.2%), while the prices for the other major destinations experienced a decline.

Imports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Imports into Poland

In 2021, overseas purchases of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels increased by 57% to X units, rising for the fifth year in a row after three years of decline. Overall, imports saw a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, grease fittings and oil seals imports soared to $X in 2021. Over the period under review, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 33% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

China (X units), Germany (X units) and South Korea (X units) were the main suppliers of grease fittings and oil seals imports to Poland, together comprising 69% of total imports. France, Italy, Sweden, Vietnam and Spain lagged somewhat behind, together comprising a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +164.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of grease fittings and oil seals to Poland, comprising 55% of total imports. The second position in the ranking was taken by Italy ($X), with a 7.3% share of total imports. It was followed by China, with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +13.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+3.6% per year) and China (+8.7% per year).

Import Prices by Country

The average import price for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels stood at $X per unit in 2021, dropping by -19.7% against the previous year. In general, the import price continues to indicate a noticeable slump. The growth pace was the most rapid in 2016 when the average import price increased by 23% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+5.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :