The Automotive Industry in Poland Broke Records Again Last Year

The Automotive Industry in Poland Broke Records Again Last Year

by Marketing April 16, 2019

Automotive exports from Poland have been rising since 2013, with last year’s result almost 3 percent higher than that in 2017.

The automotive industry in Poland has been a pillar of its economy for many years now, and it again broke records last year.

For the last six years, exports have been steadily growing, with a 3% rise recorded last year.

Many opportunities are also been seen with continued investments. For example, with the opening of Mercedes-Benz’s new engine factory in Jawor and the LG Chem Factory in Wroclaw.

Automotive exports from Poland broke another record last year.

After growing for the sixth year in a row, they amounted to almost 26 billion euros.

The automotive industry is a key part of the Polish economy, generating around 8 percent of its GDP and 10 percent of jobs in industry.

Meanwhile, automotive exports from Poland have been rising since 2013, with last year’s result almost 3 percent higher than that in 2017.

Germany remains the main market for Polish car exports, accounting for almost one-third of the total, followed by the Czech Republic, Italy, Britain and France.

Solaris is a European leader for the production of state-of-the-art public transport vehicles.

The increase in exports was driven by auto parts and accessories, which have come to play a leading role in Poland’s automotive industry.

Exports of these were worth a record 12.19 billion euros in 2018, 7.64 percent more than the previous year. Over 90 percent of these were sent to other countries in the EU; again, with Germany in the lead.

Poland also exported lorries and passenger cars, but demand for the latter has fallen both within the EU and outside it.

The increase in exports was driven by auto parts and accessories, which have come to play a leading role in Poland’s automotive industry. 

Despite the record result overall, industry experts note that the growth has slackened.

“Although exports have grown another year in a row, we see that the dynamic has weakened significantly this year,” said Rafał Orłowski, partner at AutomotiveSuppliers.pl, pointing out that in recent years the industry had been growing by about 10 percent each year.

According to Orłowski, it is difficult to predict whether automotive exports will continue to grow this year.

“The situation on the main markets for both components and cars is complicated,” he explained, citing developments in Germany and Britain, where uncertainty linked to Brexit means that factories there are producing fewer cars than a year ago.

Analysts suggest that the situation could be improved by new investments, such Mercedes-Benz’s new engine factory in Jawor, south-western Poland, which is set to open this year.

 

Source: https://www.thefirstnews.com/article/in-the-driving-seat-polands-automotive-exports-break-new-record-5550

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