Austria: Market for Machine-Tools For Working Wood 2024

Market Size for Machine-Tools For Working Wood in Austria

The Austrian machine-tool for working wood market dropped dramatically to $X in 2023, shrinking by X% against the previous year. Overall, consumption, however, recorded a significant expansion. Machine-tool for working wood consumption peaked at $X in 2020; however, from 2021 to 2023, consumption stood at a somewhat lower figure.

Production of Machine-Tools For Working Wood in Austria

In value terms, machine-tool for working wood production totaled $X in 2023 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. Machine-tool for working wood production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Exports of Machine-Tools For Working Wood

Exports from Austria

In 2023, overseas shipments of machine-tools for working wood decreased by X% to X units, falling for the second year in a row after two years of growth. In general, exports, however, saw strong growth. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. The exports peaked at X units in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, machine-tool for working wood exports rose notably to $X in 2023. Over the period under review, total exports indicated a prominent expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2023 and are expected to retain growth in years to come.

Exports by Country

Germany (X units) was the main destination for machine-tool for working wood exports from Austria, accounting for a X% share of total exports. Moreover, machine-tool for working wood exports to Germany exceeded the volume sent to the second major destination, Poland (X units), threefold. The Czech Republic (X units) ranked third in terms of total exports with an X% share.

From 2012 to 2023, the average annual growth rate of volume to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and the Czech Republic (X% per year).

In value terms, Germany ($X) remains the key foreign market for machine-tools for working wood exports from Austria, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and France (X% per year).

Export Prices by Country

The average machine-tool for working wood export price stood at $X per unit in 2023, surging by X% against the previous year. Overall, the export price, however, showed a pronounced contraction. Over the period under review, the average export prices attained the maximum at $X per unit in 2019; however, from 2020 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Hungary ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced a decline.

Imports of Machine-Tools For Working Wood

Imports into Austria

In 2023, supplies from abroad of machine-tools for working wood decreased by X% to X units, falling for the third consecutive year after seven years of growth. In general, imports, however, continue to indicate prominent growth. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, machine-tool for working wood imports reduced remarkably to $X in 2023. Overall, imports, however, saw a notable expansion. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2022, and then reduced sharply in the following year.

Imports by Country

China (X units), Germany (X units) and Italy (X units) were the main suppliers of machine-tool for working wood imports to Austria, with a combined X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of machine-tools for working wood to Austria, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and China (X% per year).

Import Prices by Country

In 2023, the average machine-tool for working wood import price amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the import price, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2013 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2023, the average import prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Slovenia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform