Analysis of the basic iron, steel, and ferro-alloys turnover in Poland reveals cyclical growth with fluctuations over the past decade. Starting at 5.6 billion euros in 2013, the turnover increased until 2014, fell in 2015 and 2016, and experienced a significant recovery from 2017 onward, peaking at 7.55 billion euros in 2018. In the years leading up to 2023, turnover varied, ultimately reaching 6.84 billion euros in 2023. The year-on-year growth from 2021 to 2022 was 4.96%, while from 2022 to 2023 it was 3.71%. Over the last five years, the CAGR stood at -1.95%.
From 2024 to 2028, the turnover is forecasted to rise moderately, with an estimated five-year CAGR of 1.11% and an overall growth rate of 5.69%. By 2028, the turnover is expected to reach 7.34 billion euros.
Future trends to watch for include market fluctuations influenced by global steel demand, technological advancements in steel production, environmental regulations, and economic policies affecting the iron and steel industry in Poland.
