Austria: Market for Asphalt or Bitumen Articles 2024

Market Size for Asphalt or Bitumen Articles in Austria

The Austrian asphalt or bitumen article market contracted modestly to $X in 2022, almost unchanged from the previous year. In general, consumption showed strong growth. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Asphalt or Bitumen Articles in Austria

In value terms, asphalt or bitumen article production contracted to $X in 2022 estimated in export price. In general, production, however, saw a buoyant increase. The pace of growth was the most pronounced in 2016 when the production volume increased by 113%. Asphalt or bitumen article production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Asphalt or Bitumen Articles

Exports from Austria

In 2022, approx. X tons of asphalt or bitumen articles were exported from Austria; standing approx. at the previous year. Overall, exports enjoyed strong growth. The pace of growth appeared the most rapid in 2017 when exports increased by 29% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, asphalt or bitumen article exports surged to $X in 2022. Over the period under review, exports recorded resilient growth. The pace of growth appeared the most rapid in 2017 when exports increased by 39%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Germany (X tons), the Czech Republic (X tons) and Hungary (X tons) were the main destinations of asphalt or bitumen article exports from Austria, with a combined 51% share of total exports. Croatia, Romania, Slovakia, Serbia, Italy, Poland and Slovenia lagged somewhat behind, together comprising a further 43%.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +18.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for asphalt or bitumen articles exports from Austria, comprising 28% of total exports. The second position in the ranking was taken by Hungary ($X), with a 13% share of total exports. It was followed by the Czech Republic, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to +5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+5.4% per year) and the Czech Republic (+1.6% per year).

Export Prices by Country

The average asphalt or bitumen article export price stood at $X per ton in 2022, surging by 19% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Croatia ($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 Slovenia (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Asphalt or Bitumen Articles

Imports into Austria

In 2022, purchases abroad of asphalt or bitumen articles increased by 9.3% to X tons, rising for the third consecutive year after five years of decline. Over the period under review, imports, however, saw a perceptible reduction. The growth pace was the most rapid in 2021 when imports increased by 29%. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, asphalt or bitumen article imports skyrocketed to $X in 2022. Overall, imports, however, recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 31%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X tons), the Czech Republic (X tons) and Slovakia (X tons) were the main suppliers of asphalt or bitumen article imports to Austria, with a combined 76% share of total imports. Poland, Switzerland, Italy, Russia and Belgium lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +72.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of asphalt or bitumen articles to Austria, comprising 54% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 23% share of total imports. It was followed by Switzerland, with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled -5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+20.6% per year) and Switzerland (+21.6% per year).

Import Prices by Country

In 2022, the average asphalt or bitumen article import price amounted to $X per ton, growing by 5.6% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 31%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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 Belgium ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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