Austria: Market for Grinding, Sanding and Polishing Machines 2022

Market Size for Grinding, Sanding and Polishing Machines in Austria

The Austrian market for grinding, sanding and polishing machines reduced remarkably to $X in 2021, shrinking by -16% against the previous year. In general, consumption, however, saw a slight increase. Grinding, sanding and polishing machine consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Grinding, Sanding and Polishing Machines in Austria

In value terms, grinding, sanding and polishing machine production declined slightly to $X in 2021 estimated in export price. Overall, the total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -5.7% against 2014 indices. The most prominent rate of growth was recorded in 2013 with an increase of 47% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Grinding, Sanding and Polishing Machines

Exports from Austria

For the fourth year in a row, Austria recorded growth in shipments abroad of grinding, sanding and polishing machines, which increased by 39% to X units in 2021. In general, exports saw a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, grinding, sanding and polishing machine exports expanded markedly to $X in 2021. Over the period under review, exports recorded a resilient expansion. The pace of growth appeared the most rapid in 2018 with an increase of 37%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Germany (X units) was the main destination for grinding, sanding and polishing machine exports from Austria, with a 31% share of total exports. Moreover, grinding, sanding and polishing machine exports to Germany exceeded the volume sent to the second major destination, the Czech Republic (X units), fourfold. The third position in this ranking was taken by Poland (X units), with a 7.7% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +14.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+27.3% per year) and Poland (+9.9% per year).

In value terms, Germany ($X) remains the key foreign market for grinding, sanding and polishing machine exports from Austria, comprising 39% of total exports. The second position in the ranking was taken by Poland ($X), with a 7.8% share of total exports. It was followed by the Czech Republic, with a 5.8% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to +13.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+8.5% per year) and the Czech Republic (+26.6% per year).

Export Prices by Country

The average export price for grinding, sanding and polishing machines stood at $X per unit in 2021, with a decrease of -20.4% against the previous year. Over the period under review, the export price recorded a pronounced slump. The growth pace was the most rapid in 2017 when the average export price increased by 21% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the UK ($X per unit), while the average price for exports to Bosnia and Herzegovina ($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 the Netherlands (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Grinding, Sanding and Polishing Machines

Imports into Austria

In 2021, approx. X units of grinding, sanding and polishing machines were imported into Austria; surging by 19% against the year before. Overall, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2016 when imports increased by 72% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, grinding, sanding and polishing machine imports reached $X in 2021. Over the period under review, total imports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +8.2% against 2018 indices. The pace of growth was the most pronounced in 2013 with an increase of 43%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest grinding, sanding and polishing machine supplier to Austria, accounting for a 65% share of total imports. Moreover, grinding, sanding and polishing machine imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), sixfold. The third position in this ranking was taken by Italy (X units), with a 9.8% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +15.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.8% per year) and Italy (-0.8% per year).

In value terms, China ($X), Germany ($X) and Italy ($X) appeared to be the largest grinding, sanding and polishing machine suppliers to Austria, with a combined 81% share of total imports. These countries were followed by Switzerland, Taiwan (Chinese), Slovenia, the Czech Republic and Turkey, which together accounted for a further 16%.

Among the main suppliers, Turkey, with a CAGR of +36.4%, 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

In 2021, the average import price for grinding, sanding and polishing machines amounted to $X per unit, which is down by -6.5% against the previous year. Over the period under review, the import price saw a deep downturn. The growth pace was the most rapid in 2017 when the average import price increased by 80%. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+5.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :