Forecast: Sold Production of Steel Flanges in Poland

In 2023, Poland's sold production of steel flanges stood at €51.986 million. The data from 2013 to 2023 reveals notable fluctuations, with an initial decline from 2013 to 2016, a modest recovery between 2017 and 2018, and a significant surge from 2019 onward. The year-on-year variation saw a dramatic jump of 270.55% in 2019 but a subsequent drop by 30.96% in 2020. Recent years, from 2021 to 2023, exhibited more stable growth, with year-on-year increases of 27.89%, 5.68%, and 5.27%, respectively. The average annual growth rate (CAGR) over the last five years was an impressive 29.48%.

Looking ahead, forecasted data for 2024 to 2028 suggests consistent growth, with a forecasted 5-year CAGR of 3.64%, resulting in an overall growth rate of 19.56% by 2028. Future trends to watch for include potential impacts of global steel demand, advancements in production technology, and trade policies affecting the steel industry in Poland.