Automotive exports to grow by 4-5% in 2018

Polish automotive exports could grow by 4-5 percent y/y to €26.2-26.5 billion in 2018 AutomotiveSuppliers.pl forecasts. In January, the exports amounted to €2 billion which was a 0.7 percent y/y increase. “AutomotiveSuppliers.pl lowers the earlier export forecast for the whole of 2018. Despite the lowering of the forecast, it will be, however, the highest value in the history of this industry in our country,” the report said. According to forecasts, the export of parts and accessories continues to grow, both to European Union countries and to other markets. The share of these most important automotive is approaching the 50 percent threshold. In 2017 Polish automotive exports reached a record-high level of €25.22 billion beating 2016 figures by 9.75 percent. Car parts and accessories segment accounted for 44.59 percent of that figure.