Forecast: Production in Manufacture of Basic Iron and Steel Sector in Poland

The production value in the basic iron and steel sector in Poland exhibited fluctuating trends from 2013 to 2023. The sector experienced a mix of growth and decline, with significant increases in 2017 (27.08%) and 2018 (14.82%), but also notable drops in 2019 and 2020. As of 2023, the value stood at 34.4 Billion Zloty, with a yearly increase of 4.02% from the previous year.

Over the last two years (2021-2023), the sector has shown a positive trend with slight growth after recovering from the decline in 2020. The Compound Annual Growth Rate (CAGR) for the past five years is -3.77%, reflecting a challenging period.

The forecast data from 2024 onward suggests a gradual recovery, with an average annual growth rate of 1.05%, and the sector is expected to reach 36.76 Billion Zloty by 2028, marking a 5.38% overall growth over five years.

Future trends to watch for include:

• Impacts of global demand fluctuations on production levels.
• Technological advancements and automation in steel manufacturing.
• Sustainability measures and their effects on production costs and efficiency.
• Changes in trade policies affecting raw material imports and exports.