Austria: Market for Articles Of Iron Or Steel 2025

Market Size for Articles Of Iron Or Steel in Austria

In 2022, the Austrian steel and iron articles market decreased by -94.4% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption saw a precipitous contraction. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Articles Of Iron Or Steel in Austria

In value terms, steel and iron articles production fell to $X in 2022 estimated in export price. In general, production, however, saw prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 62% against the previous year. As a result, production reached the peak level of $X, and then declined in the following year.

Exports of Articles Of Iron Or Steel

Exports from Austria

In 2022, exports of articles of iron or steel from Austria surged to X tons, growing by 35% on 2021 figures. Overall, total exports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.9% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, steel and iron articles exports rose remarkably to $X in 2022. Over the period under review, total exports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 44% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Germany (X tons) was the main destination for steel and iron articles exports from Austria, accounting for a 59% share of total exports. Moreover, steel and iron articles exports to Germany exceeded the volume sent to the second major destination, Slovakia (X tons), more than tenfold. The third position in this ranking was held by Hungary (X tons), with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to +4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+11.8% per year) and Hungary (+3.5% per year).

In value terms, Germany ($X) remains the key foreign market for articles of iron or steel exports from Austria, comprising 50% of total exports. The second position in the ranking was taken by Switzerland ($X), with a 4.4% share of total exports. It was followed by Slovakia, with a 4.4% share.

From 2012 to 2022, the average annual growth rate of value to Germany totaled +5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+2.1% per year) and Slovakia (+12.7% per year).

Export Prices by Country

In 2022, the average steel and iron articles export price amounted to $X per ton, declining by -16.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The growth pace was the most rapid in 2021 when the average export price increased by 21% against the previous year. As a result, the export price reached the peak level of $X per ton, and then fell markedly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Articles Of Iron Or Steel

Imports into Austria

In 2022, purchases abroad of articles of iron or steel increased by 4.6% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 19% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, steel and iron articles imports expanded notably to $X in 2022. Overall, total imports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +41.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 34%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Germany (X tons) constituted the largest steel and iron articles supplier to Austria, with a 43% share of total imports. Moreover, steel and iron articles imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold. The third position in this ranking was taken by the Czech Republic (X tons), with a 9.6% share.

From 2012 to 2022, the average annual growth rate of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+1.3% per year) and the Czech Republic (-0.8% per year).

In value terms, Germany ($X) constituted the largest supplier of articles of iron or steel to Austria, comprising 45% of total imports. The second position in the ranking was held by Italy ($X), with a 10% share of total imports. It was followed by Switzerland, with a 5.1% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+5.5% per year) and Switzerland (+8.8% per year).

Import Prices by Country

In 2022, the average steel and iron articles import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.5%. The growth pace was the most rapid in 2013 an increase of 17%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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