Austria: Tungsten Market 2024

Tungsten Market Size in Austria

The Austrian tungsten market rose remarkably to $X in 2022, surging by X% against the previous year. Overall, consumption saw a strong increase. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Tungsten Production in Austria

In value terms, tungsten production rose markedly to $X in 2022 estimated in export price. In general, production, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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Tungsten Exports

Exports from Austria

In 2022, shipments abroad of tungsten decreased by X% to X tons, falling for the second year in a row after three years of growth. Over the period under review, exports showed a abrupt decrease. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, tungsten exports fell rapidly to $X in 2022. In general, exports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then shrank sharply in the following year.

Exports by Country

Slovakia (X tons), the Czech Republic (X tons) and the UK (X kg) were the main destinations of tungsten exports from Austria, together accounting for X% of total exports.

From 2018 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X) emerged as the key foreign market for tungsten exports from Austria, comprising X% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2018 to 2022, the average annual growth rate of value to Slovakia 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 the UK (X% per year).

Export Prices by Country

The average tungsten export price stood at $X per ton in 2022, jumping by X% against the previous year. In general, the export price saw a significant expansion. The growth pace was the most rapid in 2021 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

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

From 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Tungsten Imports

Imports into Austria

For the third consecutive year, Austria recorded growth in supplies from abroad of tungsten, which increased by X% to X tons in 2014. Over the period under review, imports recorded a significant expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2014 and are expected to retain growth in the immediate term.

In value terms, tungsten imports skyrocketed to $X in 2014. Overall, imports showed a significant expansion. The growth pace was the most rapid in 2013 with an increase of X%. Imports peaked in 2014 and are likely to see steady growth in years to come.

Imports by Country

The United States (X tons), Germany (X tons) and China (X kg) were the main suppliers of tungsten imports to Austria, with a combined X% share of total imports.

From 2012 to 2014, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of tungsten to Austria, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports.

From 2012 to 2014, the average annual growth rate of value from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and China (X% per year).

Import Prices by Country

The average tungsten import price stood at $X per ton in 2014, which is down by X% against the previous year. Over the period under review, the import price showed a abrupt shrinkage. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2014, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2014, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2014, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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