Austria: Market for Machine Tools For Working Metal Without Removing Metal 2023

Market Size for Machine Tools For Working Metal Without Removing Metal in Austria

The Austrian machine tool for metal market declined remarkably to $X in 2021, shrinking by -57.7% against the previous year. In general, consumption, however, posted a slight increase. As a result, consumption reached the peak level of $X, and then reduced markedly in the following year.

Production of Machine Tools For Working Metal Without Removing Metal in Austria

In value terms, machine tool for metal production contracted modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the production volume increased by 30%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Machine Tools For Working Metal Without Removing Metal

Exports from Austria

In 2021, approx. X units of machine tools for working metal without removing metal were exported from Austria; picking up by 31% compared with the previous year's figure. Over the period under review, exports, however, showed a deep slump. The growth pace was the most rapid in 2017 when exports increased by 144% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, machine tool for metal exports skyrocketed to $X in 2021. In general, exports, however, continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2017 with an increase of 193%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Slovenia (X units), Bosnia and Herzegovina (X units) and Romania (X units) were the main destinations of machine tool for metal exports from Austria, with a combined 51% share of total exports. These countries were followed by Germany, India, Hong Kong SAR, Serbia and China, which together accounted for a further 34%.

From 2012 to 2021, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +64.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), China ($X) and Serbia ($X) appeared to be the largest markets for machine tool for metal exported from Austria worldwide, with a combined 63% share of total exports.

In terms of the main countries of destination, Romania, with a CAGR of +170.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average machine tool for metal export price stood at $X per unit in 2021, picking up by 31% against the previous year. Over the period under review, export price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, machine tool for metal export price increased by +49.4% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 48%. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was China ($X per unit), while the average price for exports to Hong Kong SAR ($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 United States (+34.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine Tools For Working Metal Without Removing Metal

Imports into Austria

Machine tool for metal imports into Austria contracted markedly to X units in 2021, shrinking by -83% compared with 2020 figures. Over the period under review, imports recorded a perceptible reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 261%. As a result, imports reached the peak of X units, and then declined sharply in the following year.

In value terms, machine tool for metal imports declined rapidly to $X in 2021. In general, imports showed a perceptible curtailment. The pace of growth was the most pronounced in 2020 with an increase of 200%. As a result, imports attained the peak of $X, and then reduced notably in the following year.

Imports by Country

Germany (X units), China (X units) and Sweden (X units) were the main suppliers of machine tool for metal imports to Austria, together accounting for 82% of total imports. France, Ireland, Italy and Serbia lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2021, the biggest increases were recorded for Serbia (with a CAGR of +234.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of machine tools for working metal without removing metal to Austria, comprising 74% of total imports. The second position in the ranking was held by China ($X), with a 3.1% share of total imports. It was followed by Serbia, with a 3% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at -1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+13.3% per year) and Serbia (+110.4% per year).

Import Prices by Country

In 2021, the average machine tool for metal import price amounted to $X per unit, rising by 120% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per unit in 2012; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+9.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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