Updated Aug 25, 2022 23:43

Market for Agricultural, Construction and Industrial Machinery Tire in Poland

Market Overview
The Polish market for tyres for agriculture, forestry, construction, industry and other off the road vehicles surged to $ in , with an increase of % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded resilient growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

In value terms, production of tyres for agriculture, forestry, construction, industry and other off the road vehicles reduced modestly to $ in estimated in export price. The total output value increased at an average annual rate of +% from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the production volume increased by % against the previous year. As a result, production reached the peak level of $. From 2018 to , production of growth remained at a somewhat lower figure.


Consumption
After two years of growth, consumption of tyres for agriculture, forestry, construction, industry and other off the road vehicles decreased by -% to units in . In general, consumption, however, saw a resilient expansion. As a result, consumption reached the peak volume of units, and then dropped slightly in the following year.

The revenue of the market for tyres for agriculture, forestry, construction, industry and other off the road vehicles in Poland reduced modestly to $ in , stabilizing at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a prominent expansion. As a result, consumption reached the peak level of $, leveling off in the following year.


Market Forecast
The market for agricultural, construction and industrial machinery tire is expected to start a downward consumption trend over the next eight years. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eight-year period from to , which is projected to depress the market volume to units by the end of .

In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Agricultural, construction and industrial machinery tire market in Poland consists almost entirely of imported products. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.


Trade Balance
Poland remains a net importer of agricultural, construction and industrial machinery tire; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.