Poland: Polishes For Coachwork Market 2024

Polishes For Coachwork Market Size in Poland

In 2022, after two years of decline, there was significant growth in the Polish polishes for coachwork market, when its value increased by 72% to $X. Overall, consumption, however, continues to indicate a deep reduction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Polishes For Coachwork Production in Poland

In value terms, polishes for coachwork production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, faced a abrupt decrease. The pace of growth appeared the most rapid in 2013 with an increase of 79%. Polishes for coachwork production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Polishes For Coachwork Exports

Exports from Poland

After six years of growth, shipments abroad of polishes for coachwork decreased by -16.6% to X tons in 2022. Over the period under review, exports, however, showed a buoyant increase. The growth pace was the most rapid in 2017 with an increase of 67%. The exports peaked at X tons in 2021, and then contracted dramatically in the following year.

In value terms, polishes for coachwork exports reduced remarkably to $X in 2022. In general, exports, however, showed a strong increase. The growth pace was the most rapid in 2020 when exports increased by 57% against the previous year. The exports peaked at $X in 2021, and then declined rapidly in the following year.

Exports by Country

Germany (X tons), Ukraine (X tons) and Lithuania (X tons) were the main destinations of polishes for coachwork exports from Poland, with a combined 36% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +46.6%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for polishes for coachwork exports from Poland, comprising 22% of total exports. The second position in the ranking was taken by Ukraine ($X), with an 8.6% share of total exports. It was followed by Lithuania, with a 6.7% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at +46.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+5.8% per year) and Lithuania (+19.3% per year).

Export Prices by Country

The average polishes for coachwork export price stood at $X per ton in 2022, which is down by -8.8% against the previous year. Over the period under review, the export price, however, showed a prominent expansion. The pace of growth was the most pronounced in 2018 when the average export price increased by 43%. The export price peaked at $X per ton in 2021, and then contracted in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to Iraq ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (+26.7%), while the prices for the other major destinations experienced more modest paces of growth.

Polishes For Coachwork Imports

Imports into Poland

In 2022, after two years of growth, there was significant decline in purchases abroad of polishes for coachwork, when their volume decreased by -25.2% to X tons. In general, imports, however, showed prominent growth. The growth pace was the most rapid in 2017 when imports increased by 123% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then reduced notably in the following year.

In value terms, polishes for coachwork imports shrank significantly to $X in 2022. Overall, imports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2018 with an increase of 70%. Imports peaked at $X in 2021, and then shrank significantly in the following year.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of polishes for coachwork to Poland, with a 51% share of total imports. Moreover, polishes for coachwork imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was taken by Turkey (X tons), with a 9.9% share.

From 2012 to 2022, the average annual growth rate of volume from Italy stood at +23.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+14.4% per year) and Turkey (+33.3% per year).

In value terms, Italy ($X), Germany ($X) and Turkey ($X) appeared to be the largest polishes for coachwork suppliers to Poland, together comprising 67% of total imports. Japan, the UK, the Netherlands, the United States and the Czech Republic lagged somewhat behind, together accounting for a further 24%.

Japan, with a CAGR of +122.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average polishes for coachwork import price stood at $X per ton in 2022, approximately mirroring the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2018 when the average import price increased by 23%. The import price peaked at $X per ton in 2021, and then dropped in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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