Seals; Mechanical Price in Austria - 2023

Seals; Mechanical Price in Austria (FOB) - 2023

The average seals; mechanical export price stood at $5.3 per unit in August 2023, picking up by 14% against the previous month. In general, the export price showed a buoyant expansion. The pace of growth was the most pronounced in December 2022 when the average export price increased by 645% m-o-m. Over the period under review, the average export prices attained the peak figure at $7.4 per unit in April 2023; however, from May 2023 to August 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In August 2023, the country with the highest price was China ($9.6 per unit), while the average price for exports to Mexico ($1.6 per unit) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

Seals; Mechanical Price in Austria (CIF) - 2022

The average seals; mechanical import price stood at $3.9 per unit in 2022, growing by 8.7% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 26%. The import price peaked at $4.1 per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($12 per unit), while the price for Belgium ($0.9 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Seals; Mechanical Exports in Austria

Seals; mechanical exports from Austria stood at 7.4M units in 2022, almost unchanged from 2021 figures. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 8% against the previous year. Over the period under review, the exports hit record highs at 7.5M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, seals; mechanical exports rose notably to $44M in 2022. The total export value increased at an average annual rate of +10.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 21% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Export of Seals; Mechanical in Austria (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	19.3	20.9	22.4	19.3	0.0%
United States	0.5	0.4	1.6	5.7	125.1%
China	1.2	0.7	3.0	4.1	50.6%
Mexico	1.2	1.1	1.8	2.3	24.2%
Switzerland	0.9	1.6	1.0	1.6	21.1%
India	0.3	0.1	0.7	1.2	58.7%
Japan	0.1	0.2	0.4	0.5	71.0%
Turkey	0.2	0.3	0.6	0.3	14.5%
Others	8.7	13.8	8.7	8.8	0.4%
Total	32.4	39.1	40.2	43.8	10.6%

Top Export Markets for Seals; Mechanical from Austria in 2022:

Germany (2729.3K units)
Mexico (1197.8K units)
United States (905.6K units)
China (473.7K units)
Switzerland (343.6K units)
India (217.0K units)
Turkey (176.8K units)
Japan (115.1K units)

Seals; Mechanical Imports in Austria

In 2022, the amount of seals; mechanicals imported into Austria declined slightly to 7.1M units, waning by -2.7% against the previous year. In general, imports recorded a noticeable decrease. The growth pace was the most rapid in 2021 when imports increased by 32% against the previous year. Over the period under review, imports attained the maximum at 8.3M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, seals; mechanical imports rose markedly to $28M in 2022. The total import value increased at an average annual rate of +1.2% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 16% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Import of Seals; Mechanical in Austria (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	15.7	12.3	13.8	15.9	0.4%
Italy	2.0	1.9	2.8	2.3	4.8%
China	2.4	2.0	2.3	1.8	-9.1%
Czech Republic	1.1	1.0	1.3	1.0	-3.1%
France	1.2	0.6	0.6	0.5	-25.3%
Netherlands	0.5	0.3	0.4	0.4	-7.2%
Belgium	N/A	N/A	0.1	0.2	100.0%
Taiwan (Chinese)	0.3	0.4	0.4	0.1	-30.7%
Others	3.4	4.0	4.3	5.4	16.7%
Total	26.6	22.4	26.1	27.6	1.2%