Austria: Working Wire Machine Market 2022

Working Wire Machine Market Size in Austria

In 2021, the Austrian working wire machine market decreased by -93.4% to $X, falling for the third year in a row after five years of growth. Over the period under review, consumption continues to indicate a precipitous shrinkage. Working wire machine consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Working Wire Machine Production in Austria

In value terms, working wire machine production rose sharply to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by 28% against the previous year. Working wire machine production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Working Wire Machine Exports

Exports from Austria

In 2021, approx. X units of machines for working wire were exported from Austria; rising by 135% compared with the previous year. Overall, exports showed a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, working wire machine exports skyrocketed to $X in 2021. Over the period under review, total exports indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X units), Canada (X units) and Saudi Arabia (X units) were the main destinations of working wire machine exports from Austria, with a combined 56% share of total exports. Mauritius, Australia, Germany, New Zealand, Switzerland, Russia, Algeria, Serbia and India lagged somewhat behind, together comprising a further 39%.

From 2012 to 2021, the biggest increases were in Algeria (with a CAGR of +143.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Switzerland ($X) and the UK ($X) constituted the largest markets for working wire machine exported from Austria worldwide, together comprising 56% of total exports. These countries were followed by Canada, Russia, Saudi Arabia, Australia, New Zealand, Mauritius, Algeria, Serbia and India, which together accounted for a further 22%.

Algeria, with a CAGR of +260.3%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average working wire machine export price stood at $X per unit in 2021, falling by -37% against the previous year. In general, the export price saw a abrupt contraction. The pace of growth appeared the most rapid in 2014 an increase of 92%. 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 Germany ($X per unit), while the average price for exports to India ($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 Algeria (+41.3%), while the prices for the other major destinations experienced more modest paces of growth.

Working Wire Machine Imports

Imports into Austria

In 2021, supplies from abroad of machines for working wire increased by 69% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports posted a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, working wire machine imports soared to $X in 2021. In general, imports showed modest growth. The most prominent rate of growth was recorded in 2018 with an increase of 60%. 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

In 2021, Croatia (X units) constituted the largest working wire machine supplier to Austria, with a 60% share of total imports. Moreover, working wire machine imports from Croatia exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. China (X units) ranked third in terms of total imports with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Croatia totaled +42.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.8% per year) and China (+58.4% per year).

In value terms, Croatia ($X) constituted the largest supplier of working wire machine to Austria, comprising 64% of total imports. The second position in the ranking was held by Germany ($X), with a 29% share of total imports. It was followed by Switzerland, with a 4.6% share.

From 2012 to 2021, the average annual growth rate of value from Croatia amounted to +13.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.9% per year) and Switzerland (+42.6% per year).

Import Prices by Country

In 2021, the average working wire machine import price amounted to $X per unit, dropping by -8.4% against the previous year. Overall, the import price showed a abrupt setback. The pace of growth was the most pronounced in 2014 an increase of 82%. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: 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 Italy (+13.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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