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Automotive Sector in Visegrad countries 2019
- Among the Visegrad Group countries, Poland and Czechia had the largest number of enterprises manufacturing motor vehicles, trailers and semi-trailers. In 2010-2017, production in the automotive sector in Slovakia and Hungary grew especially rapidly, doubling in Slovakia in current prices and increasing by almost 90% in Hungary.
- In 2010-2017, value added in current prices generated by the automotive sector increased the fastest in Poland (by four-fifths) and Slovakia (by 78%) and only slightly more slowly in Hungary and Czechia (by 68% and 63%). In the EU28, it increased much more slowly, by 53%.
- According to key economic figures, the Czech automotive sector is the best developed in all the V4 countries. The role of the automotive industry in the V4 countries (except Poland) is much more important than in the EU28 as a whole.
- The automotive sector is one of the biggest employers in the V4 countries’ industry, accounting for 11-13% of employment in industry and 2-3% of the entire labour market. Since 2010, employment in the automotive sector in the V4 countries has grown constantly, at a faster rate than in the EU28. It rose the most in Slovakia, by 54%.
- Labour productivity in the manufacturing of motor vehicles, trailers and semi-trailers (calculated as the ratio between gross value added and the total numbers of employees) in the EU28 was double that in the V4 countries and amounted to EUR 85,000 in 2016. Labour productivity was highest in Czechia and Hungary (around EUR 48,000). It was lower in Slovakia (EUR 41,100) and the lowest in Poland (EUR 34,100).
- Of the V4 countries, Czechia exported the most motor vehicles, trailers and semi-trailers in 2016 (EUR 30.7 bn), followed by Poland (EUR 25 bn). In Hungary and Slovakia, they amounted to over 19 bn euro. In 2014, domestic value added accounted for 53.1% of Poland’s automotive exports, the highest among the V4 countries.
- The high domestic value added in Poland’s automotive exports results from the country’s specialisation in attracting investors to the auto parts and components industry; manufacturing them creates more domestic value added than assembling cars. Poland’s stronger, compared to the other V4 countries, forward linkages in the automotive value chain present opportunities to increase the benefits of participating in GVCs.
- The V4 expects the automotive sector to develop towards:
- electromobility, i.e. the development of electric cars or plug-in hybrids that will replace traditional cars
- car sharing
- autonomous cars.
21 april 2020