Austria - Silicones (In Primary Forms) - Market Analysis, Forecast, Size, Trends and Insights

Austria: Silicone Market Overview 2019

Silicone Market Size in Austria

The revenue of the silicone market in Austria amounted to $X in 2017, growing by X% against the previous year. The market value increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2017, when market value increased by X% year-to-year. In that year, the silicone market attained their peak level, and is likely to continue its growth in the immediate term.

Silicone Production in Austria

In 2017, the amount of silicones (in primary forms) produced in Austria totaled X tonnes, rising by X% against the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015, when the output figure increased by X% y-o-y. The silicone production peaked in 2017, and is expected to retain its growth in the near future.

Silicone Exports

Exports from Austria

In 2017, silicone exports from Austria amounted to X tonnes, shrinking by -X% against the previous year. Overall, silicone exports continue to indicate a drastic decrease. The pace of growth was the most pronounced in 2010, when exports increased by X% y-o-y. The exports peaked of X tonnes in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, silicone exports stood at $X in 2017. Overall, silicone exports continue to indicate a deep shrinkage. Over the period under review, the silicone exports reached its peak figure level of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Exports by Country

Germany (X tonnes) was the main destination of silicone exports from Austria, with a X% share of total exports. Moreover, silicone exports to Germany exceeded the volume sent to the second major destination, the Czech Republic (X tonnes), fivefold. The third position in this ranking was occupied by Hungary (X tonnes), with a X% share.

From 2007 to 2017, the average annual growth rate of volume to Germany stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-X% per year) and Hungary (-X% per year).

In value terms, Germany ($X) remains the key foreign market for silicone exports from Austria, making up X% of total silicone exports. The second position in the ranking was occupied by Hungary ($X), with a X% share of total exports. It was followed by the Czech Republic, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value to Germany amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-X% per year) and the Czech Republic (-X% per year).

Export Prices by Country

The average silicone export price stood at $X per tonne in 2017, stabilizing at the previous year. In general, silicone export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011, when it surged by X% y-o-y. In that year, the average export prices for silicones (in primary forms) attained their peak level of $X per tonne. From 2012 to 2017, growth of the average export prices for silicones (in primary forms) failed to regain its momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was Croatia ($X per tonne), while average price for exports to Denmark ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was recorded for supplies to Slovakia (+X% per year), the export prices for other major destinations experienced more modest paces of growth.

Silicone Imports

Imports into Austria

In 2017, the amount of silicones (in primary forms) imported into Austria amounted to X tonnes, going up by X% against the previous year. The total import volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2010, with an increase of X% against the previous year. The imports peaked in 2017, and are likely to continue its growth in the near future.

In value terms, silicone imports totaled $X in 2017. Overall, silicone imports continue to indicate a relatively flat trend pattern. Over the period under review, the silicone imports reached its maximum level of $X in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Imports by Country

In 2017, Germany (X tonnes) constituted the largest silicone supplier to Austria, with a X% share of total imports. Moreover, silicone imports from Germany exceeded the figures recorded by the second largest supplier, the UK (X tonnes), more than tenfold. The third position in this ranking was occupied by the U.S. (X tonnes), with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+X% per year) and the U.S. (+X% per year).

In value terms, Germany ($X) constituted the largest supplier of silicone to Austria, making up X% of total silicone imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total imports. It was followed by the UK, with a X% share.

From 2007 to 2017, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and the UK (+X% per year).

Import Prices by Country

In 2017, the average silicone import price amounted to $X per tonne, rising by X% against the previous year. In general, silicone import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008, when the average import price increased by X% year-to-year. In that year, the average import prices for silicones (in primary forms) attained their peak level of $X per tonne. From 2009 to 2017, growth of the average import prices for silicones (in primary forms) stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major supplying countries. In 2017, the country with the highest import price was Germany ($X per tonne), while price for Belgium ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Belgium (+X% per year), the import prices for other major suppliers experienced mixed trend patterns.