Poland: Iron And Steel Market 2024

Iron And Steel Market Size in Poland

The Polish iron and steel market expanded remarkably to $X in 2021, increasing by 14% against the previous year. The market value increased at an average annual rate of +3.8% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. Iron and steel consumption peaked in 2021 and is likely to see steady growth in years to come.

Iron And Steel Production in Poland

In value terms, iron and steel production soared to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the production volume increased by 27%. Iron and steel production peaked in 2021 and is expected to retain growth in years to come.

Iron And Steel Exports

Exports from Poland

In 2021, shipments abroad of iron and steel was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, recorded a slight downturn. The most prominent rate of growth was recorded in 2014 with an increase of 42% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, iron and steel exports surged to $X in 2021. Over the period under review, total exports indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Czech Republic (X tons) was the main destination for iron and steel exports from Poland, with a 53% share of total exports. Moreover, iron and steel exports to the Czech Republic exceeded the volume sent to the second major destination, Slovakia (X tons), fourfold. Slovenia (X tons) ranked third in terms of total exports with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Czech Republic totaled +11.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+13.3% per year) and Slovenia (+107.1% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for iron and steel exports from Poland, comprising 48% of total exports. The second position in the ranking was taken by Slovakia ($X), with a 10% share of total exports. It was followed by Germany, with a 9.9% share.

From 2012 to 2021, the average annual growth rate of value to the Czech Republic totaled +15.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+15.6% per year) and Germany (+0.9% per year).

Export Prices by Country

The average iron and steel export price stood at $X per ton in 2021, picking up by 38% against the previous year. Overall, export price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the average export price increased by 43% against the previous year. The export price peaked in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Slovakia ($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 Italy (+15.4%), while the prices for the other major destinations experienced more modest paces of growth.

Iron And Steel Imports

Imports into Poland

In 2021, purchases abroad of iron and steel increased by 19% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, total imports indicated a perceptible expansion from 2012 to 2021: its volume increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 37%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, iron and steel imports surged to $X in 2021. Overall, imports showed a measured expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia (X tons), the Czech Republic (X tons) and Ukraine (X tons) were the main suppliers of iron and steel imports to Poland, together comprising 83% of total imports.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +15.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), the Czech Republic ($X) and Ukraine ($X) appeared to be the largest iron and steel suppliers to Poland, with a combined 82% share of total imports.

In terms of the main suppliers, the Czech Republic, with a CAGR of +13.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average iron and steel import price stood at $X per ton in 2021, growing by 62% against the previous year. Over the period under review, import price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Ukraine ($X per ton) and Russia ($X per ton), while the price for Germany ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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