This report covers the market developments in 2013.
The Polish automotive sector continued to be negatively affected by shrinking external and domestic demand in 2013, yet overall the situation remained stable in all segments of the market.
The production of motor vehicles declined for the sixth consecutive year in 2013 and reached the lowest level since 2004, when Poland joined the EU. Nonetheless, the contraction has visibly moderated to minus 8.1% y/y last year from the 23.3% y/y drop recorded in 2012. The annual overall decline in production was driven by the diminishing passenger car output, while on the commercial vehicle segment the situation improved y/y. The decline of motor vehicle output in the past years was driven by the shrinking external demand, as most of the automobile production in Poland (nearly 99% in the case of LCVs) is earmarked for exports, particularly on the Western European markets.
The car part segments maintained positive performance in 2013. The value of sold production reported by car part manufacturers increased by nearly 10% y/y last year, accelerating from the 2.7% y/y rise in 2012, market data show. The car parts and accessories segment accounted for 55.3% of the automotive sold production value in Jan-Sep 2013, compared to 53.8% in full-year 2012. Furthermore, the y/y higher exports of cart parts and accessories drove the overall automotive external deliveries upwards on an annual basis in 2013, after the decline recorded in 2012.
The number of new passenger cars registered in 2013 increased by 6.3% y/y, returning in the positive area for the first time in the past three years. Thus, the Polish car market continued to perform above the EU average. In 2013, the EU car market recorded 1.7% y/y decrease to 11.8mn units, the sixth consecutive year of decline. The number of new registrations will likely continue rising in 2014, propped by improving macroeconomic environment and branch developments. Demand is expected to rise visibly in the first months of 2014, encouraged by the derogation window that allows the purchase of passenger cars with full VAT subtractions for corporate.
Motor vehicle output slows down y/y decline in 2013 and is expected to start recovering in
Automotive exports return in positive area, driven by car part segment; Car part producers report nearly 10% y/y increase of sales in
New passenger car registrations increase y/y for first time in three years
Volkswagen reportedly mulls building new factory in Poland