Austria: Cash Register Market Overview 2021

Cash Register Market Size in Austria

For the third consecutive year, the Austrian cash register market recorded decline in sales value, which decreased by -X% to $X in 2020. Overall, consumption saw a drastic downturn. The pace of growth was the most pronounced in 2015 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs at $X in 2007; however, from 2008 to 2020, consumption failed to regain the momentum.

Cash Register Production in Austria

In value terms, cash register production skyrocketed to $X in 2020 estimated in export prices. In general, production, however, saw a abrupt contraction. The growth pace was the most rapid in 2017 when the production volume increased by X% year-to-year. Cash register production peaked at $X in 2007; however, from 2008 to 2020, production stood at a somewhat lower figure.

Cash Register Exports

Exports from Austria

After two years of decline, overseas shipments of cash registers increased by X% to X units in 2020. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2008 when exports increased by X% year-to-year. Over the period under review, exports attained the peak figure in 2020 and are likely to see steady growth in the near future.

In value terms, cash register exports surged to $X in 2020. In general, exports saw a prominent expansion. As a result, exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Switzerland (X units), Italy (X units) and Hungary (X units) were the main destinations of cash register exports from Austria, together accounting for X% of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Hungary ($X) and Switzerland ($X) appeared to be the largest markets for cash register exported from Austria worldwide, with a combined X% share of total exports.

Hungary saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cash register export price stood at $X per unit in 2020, picking up by X% against the previous year. In general, the export price, however, showed a abrupt curtailment. The pace of growth was the most pronounced in 2009 an increase of X% year-to-year. The export price peaked at $X per unit in 2007; however, from 2008 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was the U.S. ($X per unit), while the average price for exports to Switzerland ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Italy, while the prices for the other major destinations experienced a decline.

Cash Register Imports

Imports into Austria

In 2020, approx. X units of cash registers were imported into Austria; growing by X% against the previous year's figure. In general, imports saw a buoyant expansion. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Imports peaked in 2020 and are likely to continue growth in years to come.

In value terms, cash register imports declined sharply to $X in 2020. Over the period under review, imports recorded slight growth. The most prominent rate of growth was recorded in 2015 when imports increased by X% y-o-y. Imports peaked at $X in 2016; however, from 2017 to 2020, imports failed to regain the momentum.

Imports by Country

Hungary (X units), France (X units) and Germany (X units) were the main suppliers of cash register imports to Austria, with a combined X% share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X), France ($X) and Germany ($X) constituted the largest cash register suppliers to Austria, with a combined X% share of total imports.

Among the main suppliers, Hungary (+X% per year) recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cash register import price stood at $X per unit in 2020, which is down by -X% against the previous year. Over the period under review, the import price saw a deep slump. The pace of growth appeared the most rapid in 2011 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2007; however, from 2008 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was China ($X per unit), while the price for Switzerland ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cash registers in the world?

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The country with the largest volume of cash register consumption was China (8M units), accounting for 19% of total volume. Moreover, cash register consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (3.7M units), twofold. The third position in this ranking was occupied by India (3.1M units), with a 7.4% share.

What are the largest producers of cash registers in the world?

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China (27M units) constituted the country with the largest volume of cash register production, accounting for 53% of total volume. Moreover, cash register production in China exceeded the figures recorded by the second-largest producer, Viet Nam (4.1M units), sevenfold. Malaysia (2.5M units) ranked third in terms of total production with a 5% share.

What are the leading suppliers of cash registers to Austria?

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In value terms, Hungary ($3M), France ($2.3M) and Germany ($1.1M) appeared to be the largest cash register suppliers to Austria, together comprising 70% of total imports.

What are the leading importers of cash registers from Austria?

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In value terms, Italy ($1.6M), Hungary ($1.1M) and Switzerland ($881K) appeared to be the largest markets for cash register exported from Austria worldwide, together comprising 70% of total exports.

What is the average export price for cash registers in Austria?

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The average cash register export price stood at $319 per unit in 2020, rising by 46% against the previous year.

What is the average import price for cash registers in Austria?

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The average cash register import price stood at $117 per unit in 2020, with a decrease of -25.9% against the previous year.