Industry revenue of »manufacture of machinery for mining, quarrying« in Poland 2011-2023

Revenues generated from manufacturing machinery for mining and quarrying in Poland are projected to decline drastically from 1.5 billion U.S. dollars in 2011 to 623 million U.S. dollars by 2023, owing to a decline in coal mining, closure of mines owing to high costs, and an increase in cheaper coal imports from countries such as Russia and Austria. This has also resulted in a 44 percent reduction in the number of employees working in the mining of coal and lignite industry between 2008-2015. Moreover, demand for coal is decreasing, owing to rising governmental initiatives promoting the use of renewable sources as a method for energy generation, which is further impacting the industry.

Covid-19 to further impact industry

Coal production in Poland has already declined 50 percent between 1990-2018 owing to the aforementioned reasons. The outbreak of the Covid-19 virus is expected to further hamper production over the short to medium term as the government enforces lockdown and social distancing measures. JSW, one of Poland’s biggest coal producers, has already reported a 40 percent drop in output.

Industry revenue of »manufacture of machinery for mining, quarrying« in Poland from 2011 to 2023

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Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

Currency conversion factor: (EUR -> USD) = 1.186

The industry classification is based on the NACE Rev.2 - system in Poland. The industry “manufacture of machinery for mining, quarrying and construction“ has the code “C2892“.

Details on the methodology can be found here.

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