Austria: Electrical Insulating Fittings Market Overview 2021

Electrical Insulating Fittings Market Size in Austria

In 2020, the Austrian electrical insulating fittings market decreased by -X% to $X for the first time since 2015, thus ending a four-year rising trend. Overall, the total consumption indicated pronounced growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the market value increased by X% year-to-year. Electrical insulating fittings consumption peaked at $X in 2019, and then shrank in the following year.

Electrical Insulating Fittings Production in Austria

In value terms, electrical insulating fittings production rose remarkably to $X in 2020 estimated in export prices. In general, the total production indicated a noticeable expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2012 indices. The pace of growth was the most pronounced in 2013 with an increase of X% y-o-y. Electrical insulating fittings production peaked in 2020 and is likely to see steady growth in the near future.

Electrical Insulating Fittings Exports

Exports from Austria

For the eighth year in a row, Austria recorded growth in shipments abroad of electrical insulating fittings of plastics, which increased by X% to X units in 2020. Overall, exports saw measured growth. The pace of growth was the most pronounced in 2013 with an increase of X% year-to-year. Over the period under review, exports attained the maximum in 2020 and are expected to retain growth in the immediate term.

In value terms, electrical insulating fittings exports rose markedly to $X in 2020. In general, total exports indicated temperate growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2009 indices. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Exports peaked in 2020 and are likely to see steady growth in the immediate term.

Exports by Country

The Czech Republic (X units), Romania (X units) and Hungary (X units) were the main destinations of electrical insulating fittings exports from Austria, together accounting for X% of total exports. Germany, China, Serbia, Morocco, Mexico, Poland and Tunisia lagged somewhat behind, together accounting for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tunisia, while exports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for electrical insulating fittings exports from Austria, comprising X% of total exports. The second position in the ranking was occupied by Romania ($X), with a X% share of total exports. It was followed by Hungary, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Germany stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+X% per year) and Hungary (+X% per year).

Export Prices by Country

In 2020, the average electrical insulating fittings export price amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. Over the period under review, average export prices hit record highs at $X per unit in 2011; however, from 2012 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per unit), while the average price for exports to the Czech Republic ($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 Germany, while the prices for the other major destinations experienced more modest paces of growth.

Electrical Insulating Fittings Imports

Imports into Austria

In 2020, purchases abroad of electrical insulating fittings of plastics decreased by X% to X units, falling for the second consecutive year after two years of growth. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X units in 2007; afterwards, it flattened through to 2020.

In value terms, electrical insulating fittings imports dropped significantly to $X in 2020. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by X% y-o-y. Imports peaked at $X in 2019, and then dropped remarkably in the following year.

Imports by Country

Hungary (X units), Germany (X units) and Spain (X units) were the main suppliers of electrical insulating fittings imports to Austria, together accounting for X% of total imports. The Czech Republic, the U.S. and China lagged somewhat behind, together comprising a further X 2007 to 2020, the biggest increases were in China, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X), Germany ($X) and the U.S. ($X) appeared to be the largest electrical insulating fittings suppliers to Austria, with a combined X% share of total imports. These countries were followed by the Czech Republic, China and Spain, which together accounted for a further X saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average electrical insulating fittings import price stood at $X per unit in 2020, reducing by -X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2019, and then shrank rapidly in the following year.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Czech Republic, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for electrical insulating fittings of plastics in the world?

+

The countries with the highest volumes of electrical insulating fittings consumption in 2020 were Cambodia (125M units), China (113M units) and India (47M units), with a combined 46% share of global consumption.

What are the largest producers of electrical insulating fittings of plastics in the world?

+

China (112M units) constituted the country with the largest volume of electrical insulating fittings production, comprising approx. 24% of total volume. Moreover, electrical insulating fittings production in China exceeded the figures recorded by the second-largest producer, Germany (41M units), threefold. The third position in this ranking was occupied by the U.S. (39M units), with a 8.1% share.

What are the leading suppliers of electrical insulating fittings of plastics to Austria?

+

In value terms, Hungary ($9.8M), Germany ($8.7M) and the U.S. ($1.1M) appeared to be the largest electrical insulating fittings suppliers to Austria, together accounting for 77% of total imports. These countries were followed by the Czech Republic, China and Spain, which together accounted for a further 7.1%.

What are the leading importers of electrical insulating fittings of plastics from Austria?

+

In value terms, Germany ($54M) remains the key foreign market for electrical insulating fittings exports from Austria, comprising 29% of total exports. The second position in the ranking was occupied by Romania ($27M), with a 15% share of total exports. It was followed by Hungary, with a 13% share.

What is the average export price for electrical insulating fittings of plastics in Austria?

+

The average electrical insulating fittings export price stood at $16 per unit in 2020, growing by 12% against the previous year.

What is the average import price for electrical insulating fittings of plastics in Austria?

+

The average electrical insulating fittings import price stood at $20 per unit in 2020, shrinking by -21.3% against the previous year.