The production of air and spacecraft and related machinery in Poland has exhibited substantial growth from 2013 to 2019, with notable volatility around 2020 due to the Covid-19 pandemic. After a significant drop of 12.98% in 2020, the industry rebounded strongly with a 19.65% increase in 2021. As of 2023, the value stood at 12.45 billion Zloty, reflecting a 3.99% year-on-year increase.
Key observations:
- The industry saw a continuous upward trend from 2013 to 2019.
- A significant setback occurred in 2020 due to the pandemic impact.
- Post-pandemic recovery was notable in 2021 with a 19.65% increase.
- The latest five-year CAGR (as of 2023) was 4.21%.
Future trends to watch for include the anticipated advancements in aerospace technology, increasing global demand for air travel, and potential impacts from geopolitical changes. The forecast for 2028 shows a steady growth rate with a forecast 5-year CAGR of 2.89% and an overall growth rate of 15.3% by 2028, signaling steady but modest growth.
