The production value of engines and turbines in Poland experienced significant fluctuations from 2013 to 2023. The actual value in 2023 stood at 1160.0 Million Euros. From 2013 to 2018, there was a general upward trend, peaking in 2018 at 1610.0 Million Euros. However, from 2019 onwards, this trend reversed, showing a consistent decline.
The year-on-year variations reveal key turning points:
- 2017 saw a sharp rise of 19.28%, marking a period of growth.
- The decline began in 2019 with a decrease of 6.38% and continued through 2023, with a year-on-year reduction of 6.03% in 2023.
The compound annual growth rate (CAGR) over the last five years shows an average decline of 6.37% annually, highlighting a downward trend. Moving forward, the forecasts predict a continued decline in production value, with a five-year CAGR of -5.97% and an overall reduction of 26.48% by 2028.
Future trends to watch for include advancements in energy-efficient technologies, potential shifts in government policies, and market demand for sustainable energy solutions which could impact the production landscape in Poland.
