Austria: Wood Drilling Machine Market 2022

Wood Drilling Machine Market Size in Austria

In 2021, the Austrian wood drilling machine market decreased by -23.9% to $X, falling for the second consecutive year after two years of growth. In general, consumption recorded a noticeable setback. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Wood Drilling Machine Production in Austria

In value terms, wood drilling machine production surged to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by 488%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Wood Drilling Machine Exports

Exports from Austria

In 2021, overseas shipments of drilling or morticing machines increased by 39% to X units, rising for the second year in a row after three years of decline. Overall, exports continue to indicate a pronounced increase. The most prominent rate of growth was recorded in 2016 when exports increased by 270%. As a result, the exports attained the peak of X units. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, wood drilling machine exports surged to $X in 2021. In general, exports, however, continue to indicate a slight slump. The growth pace was the most rapid in 2016 when exports increased by 327% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for wood drilling machine exports from Austria, accounting for a 31% share of total exports. Moreover, wood drilling machine exports to Germany exceeded the volume sent to the second major destination, Poland (X units), twofold. Italy (X units) ranked third in terms of total exports with a 7.8% share.

From 2012 to 2021, the average annual growth rate of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+1.5% per year) and Italy (+41.3% per year).

In value terms, Germany ($X) emerged as the key foreign market for wood drilling machine exports from Austria, comprising 30% of total exports. The second position in the ranking was taken by Italy ($X), with a 12% share of total exports. It was followed by Poland, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at -6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+35.1% per year) and Poland (-2.4% per year).

Export Prices by Country

In 2021, the average wood drilling machine export price amounted to $X per unit, reducing by -13.9% against the previous year. Overall, the export price showed a pronounced contraction. The growth pace was the most rapid in 2016 an increase of 15%. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Canada ($X per unit), while the average price for exports to Bosnia and Herzegovina ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Drilling Machine Imports

Imports into Austria

Wood drilling machine imports into Austria declined slightly to X units in 2021, with a decrease of -1.8% compared with 2020. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 63%. As a result, imports reached the peak of X units. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, wood drilling machine imports fell to $X in 2021. In general, imports, however, showed a slight expansion. The growth pace was the most rapid in 2018 with an increase of 188%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Italy (X units), China (X units) and Germany (X units) were the main suppliers of wood drilling machine imports to Austria, together accounting for 93% of total imports. These countries were followed by Turkey, which accounted for a further 2.7%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +58.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of wood drilling machine to Austria, comprising 75% of total imports. The second position in the ranking was taken by China ($X), with a 15% share of total imports. It was followed by Germany, with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy stood at +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+8.1% per year) and Germany (-19.8% per year).

Import Prices by Country

In 2021, the average wood drilling machine import price amounted to $X per unit, shrinking by -6.6% against the previous year. In general, the import price, however, posted slight growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 77% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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