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

Austria: Silicone Market Overview 2020

Silicone Market Size in Austria

The revenue of the silicone market in Austria amounted to $X in 2018, growing by X% against the previous year. In general, silicone consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Silicone consumption peaked in 2018 and is likely to see steady growth in the near future.

Silicone Production in Austria

In value terms, silicone production totaled $X in 2018 estimated in export prices. Over the period under review, silicone production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. In that year, silicone production reached its peak level of $X. From 2015 to 2018, silicone production growth failed to regain its momentum.

Silicone Exports

Exports from Austria

In 2018, the exports of silicones (in primary forms) from Austria totaled X tonnes, dropping by -X% against the previous year. Overall, silicone exports continue to indicate a drastic descent. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Exports peaked at X tonnes in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, silicone exports totaled $X in 2018. In general, silicone exports continue to indicate a deep decline. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Over the period under review, silicone exports attained their maximum at $X in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Germany (X tonnes) was the main destination for 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), fourfold. Hungary (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2018, 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: the Czech Republic (+X% per year) and Hungary (-X% per year).

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

From 2007 to 2018, the average annual rate of growth in terms of value to Germany totaled -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

In 2018, the average silicone export price amounted to $X per tonne, shrinking by -X% against the previous year. In general, the silicone export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 an increase of X% against the previous year. In that year, the average export prices for silicones (in primary forms) reached their peak level of $X per tonne. From 2013 to 2018, the growth in terms of the average export prices for silicones (in primary forms) remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Slovakia ($X per tonne), while the average price for exports to the Czech Republic ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia, while the prices for the other major destinations experienced more modest paces of growth.

Silicone Imports

Imports into Austria

In 2018, the amount of silicones (in primary forms) imported into Austria stood at X tonnes, surging by X% against the previous year. The total import volume increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2010 when imports increased by X% year-to-year. Imports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, silicone imports stood at $X in 2018. The total import value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, silicone imports attained their maximum in 2018 and are expected to retain its growth in the near future.

Imports by Country

In 2018, Germany (X tonnes) constituted the largest supplier of silicone to Austria, accounting for a X% share of total imports. Moreover, silicone imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tonnes), tenfold. The third position in this ranking was occupied by the UK (X tonnes), with a X% share.

From 2007 to 2018, 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: Belgium (+X% per year) and the UK (+X% per year).

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

From 2007 to 2018, 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: Belgium (+X% per year) and the UK (+X% per year).

Import Prices by Country

The average silicone import price stood at $X per tonne in 2018, remaining relatively unchanged against the previous year. In general, the silicone import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when the average import price increased by X% against the previous year. In that year, the average import prices for silicones (in primary forms) attained their peak level of $X per tonne. From 2009 to 2018, the growth in terms of the average import prices for silicones (in primary forms) remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was the Czech Republic ($X per tonne), while the price for France ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the Czech Republic, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform