
Austria - Aluminum (Unwrought, not Alloyed) - Market Analysis, Forecast, Size, Trends and Insights
Austria: Aluminium Market 2023
Aluminium Market Size in Austria
In 2021, the Austrian aluminium market increased by 3.1% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption recorded a noticeable curtailment. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.
Aluminium Exports
Exports from Austria
In 2021, shipments abroad of aluminum (unwrought, not alloyed) increased by 158% to X tons, rising for the third consecutive year after three years of decline. Overall, exports saw a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, aluminium exports surged to $X in 2021. Over the period under review, exports enjoyed tangible growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Exports by Country
Germany (X tons) was the main destination for aluminium exports from Austria, accounting for a 65% share of total exports. Moreover, aluminium exports to Germany exceeded the volume sent to the second major destination, Finland (X tons), sixfold. Norway (X tons) ranked third in terms of total exports with an 11% share.
From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at +11.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+810.0% per year) and Norway (+19.1% per year).
In value terms, Germany ($X) remains the key foreign market for aluminium exports from Austria, comprising 58% of total exports. The second position in the ranking was held by Norway ($X), with a 13% share of total exports. It was followed by Finland, with a 12% share.
From 2012 to 2021, the average annual growth rate of value to Germany totaled +11.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+20.8% per year) and Finland (+880.3% per year).
Export Prices by Country
In 2021, the average aluminium export price amounted to $X per ton, with an increase of 1.9% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 35% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.
Prices varied noticeably country of destination: the country with the highest price was the UK ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.
Aluminium Imports
Imports into Austria
In 2021, overseas purchases of aluminum (unwrought, not alloyed) decreased by -16.8% to X tons, falling for the third consecutive year after two years of growth. Overall, imports recorded a perceptible reduction. The pace of growth appeared the most rapid in 2013 with an increase of 19% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.
In value terms, aluminium imports soared to $X in 2021. Over the period under review, imports saw a slight slump. The growth pace was the most rapid in 2017 with an increase of 23%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.
Imports by Country
In 2021, the Netherlands (X tons) constituted the largest aluminium supplier to Austria, accounting for a 78% share of total imports. Moreover, aluminium imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), eightfold. The third position in this ranking was held by France (X tons), with a 6% share.
From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands stood at +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-2.0% per year) and France (+28.1% per year).
In value terms, the Netherlands ($X) constituted the largest supplier of aluminium to Austria, comprising 80% of total imports. The second position in the ranking was taken by Germany ($X), with a 6.6% share of total imports. It was followed by France, with a 6.5% share.
From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands totaled +9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.6% per year) and France (+31.3% per year).
Import Prices by Country
In 2021, the average aluminium import price amounted to $X per ton, jumping by 39% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the aluminium market in Austria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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