Austria: Cement Market 2024

Cement Market Size in Austria

In 2023, the Austrian cement market decreased by X% to $X for the first time since 2019, thus ending a three-year rising trend. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2022, and then reduced in the following year.

Cement Production in Austria

In value terms, cement production declined to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2022, and then dropped in the following year.

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Cement Exports

Exports from Austria

In 2023, shipments abroad of cement was finally on the rise to reach X tons after two years of decline. Over the period under review, total exports indicated a remarkable increase from 2012 to 2023: its volume 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. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

In value terms, cement exports soared to $X in 2023. In general, exports recorded strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Slovenia (X tons) was the main destination for cement exports from Austria, accounting for a X% share of total exports. Moreover, cement exports to Slovenia exceeded the volume sent to the second major destination, Germany (X tons), twofold. The third position in this ranking was held by Hungary (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Slovenia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Hungary (X% per year).

In value terms, Slovenia ($X), Germany ($X) and Hungary ($X) constituted the largest markets for cement exported from Austria worldwide, together comprising X% of total exports.

In terms of the main countries of destination, Slovenia, with a CAGR of X%, 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 cement export price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Croatia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cement Imports

Imports into Austria

In 2023, overseas purchases of cement decreased by X% to X tons, falling for the second year in a row after three years of growth. In general, total imports indicated a tangible increase from 2012 to 2023: its volume 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, imports decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, cement imports soared to $X in 2023. Over the period under review, total imports indicated a temperate increase 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, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports reached the maximum in 2023 and are likely to continue growth in the near future.

Imports by Country

Germany (X tons), Slovakia (X tons) and Switzerland (X tons) were the main suppliers of cement imports to Austria, with a combined X% share of total imports. Italy, the Czech Republic and Slovenia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cement suppliers to Austria were Germany ($X), Slovakia ($X) and Switzerland ($X), together accounting for X% of total imports. Italy, the Czech Republic and Slovenia lagged somewhat behind, together accounting for a further X%.

The Czech Republic, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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 cement import price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform