Industry revenue of »building of ships and boats« in Poland 2011-2023
Up until two decades ago, the Polish shipbuilding industry was a vital part of its economy, with a workforce of over 50,000 individuals, especially known for its sturdy construction and quality, and was amongst the main employers in the region of Pomerania. However, over the years, the industry has suffered quite a few setbacks, including the closure of various major shipbuilding facilities, acquisitions by the EU over unlawful state aid and a rising share of imports from countries such as China and South Korea, which are amongst the leading shipbuilders in the world.
As a result, revenues from building ships and floating structures has declined from 1.1 billion U.S. dollars in 2011 to 862 million U.S. dollars in 2019. However, the British Columbia Ferry Services has recently awarded the Remontowa shipyard a contract worth 92.3 million U.S. dollars for the construction of a liquefied natural gas-fuelled vessel to be delivered by 2022, a move that augurs well for the sector in the medium term.
Interestingly, Poland is an important player in terms of production and exports of yacts and catamarans, accounting for 60 percent of EU’s export value in 2018, as per data from euractiv.com.
As a result, revenues from building ships and floating structures has declined from 1.1 billion U.S. dollars in 2011 to 862 million U.S. dollars in 2019. However, the British Columbia Ferry Services has recently awarded the Remontowa shipyard a contract worth 92.3 million U.S. dollars for the construction of a liquefied natural gas-fuelled vessel to be delivered by 2022, a move that augurs well for the sector in the medium term.
Interestingly, Poland is an important player in terms of production and exports of yacts and catamarans, accounting for 60 percent of EU’s export value in 2018, as per data from euractiv.com.
