Austria: Agricultural Forestry Machinery Market 2024

Agricultural Forestry Machinery Market Size in Austria

After two years of growth, the Austrian agricultural forestry machinery market decreased by -8.6% to $X in 2022. In general, consumption, however, continues to indicate a buoyant expansion. Agricultural forestry machinery consumption peaked at $X in 2021, and then contracted in the following year.

Agricultural Forestry Machinery Production in Austria

In value terms, agricultural forestry machinery production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, showed resilient growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by 164%. Over the period under review, production reached the maximum level at $X in 2021, and then shrank in the following year.

Agricultural Forestry Machinery Exports

Exports from Austria

In 2022, approx. X units of agricultural forestry machinery (lawn or sportsground rollers) were exported from Austria; rising by 16% against 2021 figures. In general, exports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2016 when exports increased by 28%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, agricultural forestry machinery exports surged to $X in 2022. Over the period under review, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 36%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Germany (X units) was the main destination for agricultural forestry machinery exports from Austria, with a 35% share of total exports. Moreover, agricultural forestry machinery exports to Germany exceeded the volume sent to the second major destination, Switzerland (X units), fourfold. France (X units) ranked third in terms of total exports with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled +14.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+8.2% per year) and France (+13.2% per year).

In value terms, Germany ($X) remains the key foreign market for agricultural forestry machinery (lawn or sportsground rollers) exports from Austria, comprising 37% of total exports. The second position in the ranking was held by Switzerland ($X), with a 12% share of total exports. It was followed by France, with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled +18.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+9.1% per year) and France (+13.2% per year).

Export Prices by Country

The average agricultural forestry machinery export price stood at $X per unit in 2022, surging by 4.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The growth pace was the most rapid in 2013 when the average export price increased by 21%. The export price peaked at $X per unit in 2018; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Agricultural Forestry Machinery Imports

Imports into Austria

After three years of growth, purchases abroad of agricultural forestry machinery (lawn or sportsground rollers) decreased by -10.7% to X units in 2022. Overall, imports, however, posted pronounced growth. The most prominent rate of growth was recorded in 2019 when imports increased by 33%. Imports peaked at X units in 2021, and then shrank in the following year.

In value terms, agricultural forestry machinery imports reduced to $X in 2022. In general, imports, however, saw a remarkable increase. The pace of growth was the most pronounced in 2019 when imports increased by 30%. Imports peaked at $X in 2021, and then fell in the following year.

Imports by Country

Germany (X units), Italy (X units) and Poland (X units) were the main suppliers of agricultural forestry machinery imports to Austria, together comprising 71% of total imports. These countries were followed by Slovenia, Denmark, the Netherlands, Serbia and France, which together accounted for a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Serbia (with a CAGR of +29.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Poland ($X) appeared to be the largest agricultural forestry machinery suppliers to Austria, with a combined 72% share of total imports.

Among the main suppliers, Poland, with a CAGR of +31.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average agricultural forestry machinery import price stood at $X per unit in 2022, with a decrease of -2.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 21%. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for Serbia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+23.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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