Forecast: Production in Casting of Iron and Steel Sector in Poland

From 2013 to 2023, the production in the casting of iron and steel sector in Poland displayed a generally upward trend, with a significant dip in 2020 due to a -31.16% year-on-year decline influenced by global disruptions. Despite this setback, the sector rebounded strongly in 2021 with a 23.91% increase and continued to grow by 12.75% in 2022 and 8.2% in 2023, reaching a value of 4.22 Billion Zloty in 2023. Analyzing the Compound Annual Growth Rate (CAGR) over the last five years (2018-2023), the sector had an average growth rate of 1.41% per year.

Looking forward, the forecast from 2024 to 2028 suggests a steady rise with an average annual growth rate (CAGR) of 1.06% and an overall forecasted growth of 5.4% over the five years. Production is expected to continue increasing modestly, reaching 4.51 Billion Zloty by 2028.

Future trends to watch for include:

• The impact of global supply chain dynamics and economic conditions on production levels.
• Innovations and technological advancements in the casting process.
• Potential government policies and incentives affecting the iron and steel industry in Poland.