Poland: Prepared Binders Market 2024

Prepared Binders Market Size in Poland

In 2021, after two years of decline, there was significant growth in the Polish prepared binders market, when its value increased by 46% to $X. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Prepared Binders Production in Poland

In value terms, prepared binders production shrank modestly to $X in 2021 estimated in export price. In general, production, however, enjoyed a strong increase. The growth pace was the most rapid in 2018 when the production volume increased by 49% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then fell slightly in the following year.

Prepared Binders Exports

Exports from Poland

In 2021, shipments abroad of prepared binders for foundry moulds or cores decreased by -3.3% to X tons, falling for the second year in a row after three years of growth. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 152% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, prepared binders exports expanded sharply to $X in 2021. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 126%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Ukraine (X tons) was the main destination for prepared binders exports from Poland, with a 61% share of total exports. Moreover, prepared binders exports to Ukraine exceeded the volume sent to the second major destination, the Czech Republic (X tons), fourfold. The third position in this ranking was held by Belarus (X tons), with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ukraine was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-9.5% per year) and Belarus (-0.3% per year).

In value terms, Ukraine ($X), Russia ($X) and the Czech Republic ($X) were the largest markets for prepared binders exported from Poland worldwide, with a combined 81% share of total exports. Belarus, Slovakia and Germany lagged somewhat behind, together comprising a further 18%.

Slovakia, with a CAGR of +58.9%, saw 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

In 2021, the average prepared binders export price amounted to $X per ton, surging by 14% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 39% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Russia ($X per ton), while the average price for exports to Slovakia ($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 the Czech Republic (+16.2%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Binders Imports

Imports into Poland

In 2021, after two years of decline, there was significant growth in supplies from abroad of prepared binders for foundry moulds or cores, when their volume increased by 23% to X tons. In general, imports, however, saw a pronounced setback. The pace of growth appeared the most rapid in 2018 when imports increased by 55% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, prepared binders imports soared to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), the Czech Republic (X tons) and the UK (X tons) were the main suppliers of prepared binders imports to Poland, together accounting for 90% of total imports. These countries were followed by Italy and Japan, which together accounted for a further 5.5%.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +7.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of prepared binders for foundry moulds or cores to Poland, comprising 50% of total imports. The second position in the ranking was taken by the UK ($X), with a 23% share of total imports. It was followed by the Czech Republic, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+2.4% per year) and the Czech Republic (-1.2% per year).

Import Prices by Country

The average prepared binders import price stood at $X per ton in 2021, surging by 38% against the previous year. Over the last nine years, it increased at an average annual rate of +3.8%. The most prominent rate of growth was recorded in 2013 an increase of 45% against the previous year. As a result, import price attained the peak level of $X per ton. 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 Italy ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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