Austria: Market for Wiring sets used in vehicles, aircraft or ships 2023

Market Size for Wiring sets used in vehicles, aircraft or ships in Austria

The Austrian market for wiring sets used in vehicles, aircraft or ships rose rapidly to $X in 2021, growing by 6.1% against the previous year. Over the period under review, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -11.5% against 2019 indices. Consumption of peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Wiring sets used in vehicles, aircraft or ships in Austria

In value terms, production of wiring sets used in vehicles, aircraft or ships expanded significantly to $X in 2021 estimated in export price. Over the period under review, production saw a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 27%. Production of peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Wiring sets used in vehicles, aircraft or ships

Exports from Austria

In 2021, shipments abroad of wiring sets used in vehicles, aircraft or ships was finally on the rise to reach X tons after two years of decline. Over the period under review, exports, however, saw a slight reduction. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of wiring sets used in vehicles, aircraft or ships surged to $X in 2021. In general, exports, however, recorded a pronounced decline. The pace of growth was the most pronounced in 2014 with an increase of 26% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

Hungary (X tons) was the main destination for exports of wiring sets used in vehicles, aircraft or ships from Austria, with a 61% share of total exports. Moreover, exports of wiring sets used in vehicles, aircraft or ships to Hungary exceeded the volume sent to the second major destination, Germany (X tons), threefold. The third position in this ranking was taken by the Czech Republic (X tons), with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Hungary totaled +5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-9.7% per year) and the Czech Republic (+17.8% per year).

In value terms, the largest markets for wiring sets used in vehicles, aircraft or ships exported from Austria were Germany ($X), Hungary ($X) and Slovakia ($X), together accounting for 77% of total exports. The Czech Republic and Slovenia lagged somewhat behind, together accounting for a further 6%.

The Czech Republic, with a CAGR of +5.7%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for wiring sets used in vehicles, aircraft or ships stood at $X per ton in 2021, declining by -26.8% against the previous year. Overall, the export price saw a noticeable decrease. The most prominent rate of growth was recorded in 2013 when the average export price increased by 30%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+5.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Wiring sets used in vehicles, aircraft or ships

Imports into Austria

In 2021, after two years of decline, there was significant growth in overseas purchases of wiring sets used in vehicles, aircraft or ships, when their volume increased by 13% to X tons. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 30% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, imports of wiring sets used in vehicles, aircraft or ships surged to $X in 2021. In general, total imports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -10.9% against 2018 indices. The growth pace was the most rapid in 2018 with an increase of 29%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports of remained at a lower figure.

Imports by Country

Romania (X tons), Germany (X tons) and Serbia (X tons) were the main suppliers of imports of wiring sets used in vehicles, aircraft or ships to Austria, with a combined 49% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Serbia (with a CAGR of +414.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Czech Republic ($X) and Romania ($X) constituted the largest wiring sets used in vehicles, aircraft or ships suppliers to Austria, with a combined 53% share of total imports. Hungary, Slovakia, Serbia, Italy, the United Arab Emirates, Poland, Turkey, Morocco, China and Bosnia and Herzegovina lagged somewhat behind, together accounting for a further 43%.

Serbia, with a CAGR of +369.9%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for wiring sets used in vehicles, aircraft or ships amounted to $X per ton, increasing by 6.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2014 an increase of 17%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Slovakia ($X per ton), while the price for Bosnia and Herzegovina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+20.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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