Good year expected for Russian sports nutrition market

After the political and macroeconomic challenges in recent times, there was a little uncertainty reg

more

Positive growth for Croatia in 2016’s final quarter

According to the Institute of Economics in Zagreb, a growth figure of 3.9% was seen in the very last

more

Big changes for the Russian footwear market

Thanks to recent reports and various statistics, we can now see that consumer preferences within the

more

Growth funding for Keller Sports

Keller Sports, originally from Munich, has been growing significantly in recent times and this has n

more

7 new stores for Hervis in Croatia

Within the past few years, there has been significant growth for the sports equipment market in Croa

more

"Business Partner search for the Sports industry in Central Europe"


You are here » Home Page » News » Polish service exports to see fast growth in the coming future


Polish service exports to see fast growth in the coming future

2017-01-31 source own
Recently, HSBC commissioned a report which looked into the export industry of Poland with a particular focus on services. Thanks to this, we can now see that 7% growth (per year) is expected from now until 2030. Sadly, this could have been even higher but Brexit is expected to be a damaging move for the country and the region.

The report took place in December 2016 and was published, on behalf of HSBC, by Oxford Economics. Currently, around 20% of all Poland’s exports are from services. Director of Corporate Banking in HSBC Poland, Sebastian Szaudel, said “This predicted growth is related to the important role which Poland plays in the supply chains of German firms and in the flow of goods from the east to Western Europe.” Also, so-called ‘near-shoring’ is also set to boost this side of the economy in the next period of years for Poland.

If we delve a little deeper into the statistics within the report, we can see that the ICT equipment sector will be the fastest-growing of all. Of course, the report was subject to numerous variable factors from what will happen with Brexit to the introduction of Donald Trump as the President of the United States. For the most part, it was suggested that protectionist policies would come from the President whilst a ‘hard’ Brexit is experienced for the UK. 

For Poland, Brexit was a big decision considering 7% of all exports go to the UK. However, HSBC predict improved relationships with other EU countries to repair the damage caused by the UK’s departure.

Click here to register to get CeSports latest Business Report on doing business in Central Europe & for an overview on the Sporting Goods market in Central Europe.


Featured Partners

Featured Partners

View more featured partners

more

Press Releases

View Our Press Releases

more

FAQ

View Our FAQ

more
Featured

Sports Business Partner Connections Central Europe

Head logo Rhinos logo order reports