Austria: Market for Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V 2024

Market Size for Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V in Austria

In 2022, the Austrian electrical board and console market increased by 19% to $X, rising for the fourth consecutive year after three years of decline. Over the period under review, consumption saw a prominent increase. Over the period under review, the market reached the peak level in 2022 and is likely to continue growth in years to come.

Production of Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding X V in Austria

In value terms, electrical board and console production reduced to $X in 2022 estimated in export price. In general, production, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2018 when the production volume increased by 116% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V

Exports from Austria

In 2022, overseas shipments of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v increased by 47% to X units, rising for the second consecutive year after two years of decline. Overall, exports, however, recorded a mild setback. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, electrical board and console exports rose markedly to $X in 2022. In general, exports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2014 with an increase of 62%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for electrical board and console exports from Austria, with a 62% share of total exports. Moreover, electrical board and console exports to Germany exceeded the volume sent to the second major destination, Norway (X units), fivefold. The third position in this ranking was taken by Nigeria (X units), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at +3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+101.3% per year) and Nigeria (+51.5% per year).

In value terms, Germany ($X) remains the key foreign market for boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v exports from Austria, comprising 46% of total exports. The second position in the ranking was taken by Norway ($X), with an 18% share of total exports. It was followed by Nigeria, with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at -2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+96.0% per year) and Nigeria (+39.2% per year).

Export Prices by Country

In 2022, the average electrical board and console export price amounted to $X per unit, with a decrease of -22.7% against the previous year. Over the period under review, the export price continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2020 an increase of 36% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 Vietnam ($X per unit), while the average price for exports to Nigeria ($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 Vietnam (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V

Imports into Austria

In 2022, imports of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v into Austria surged to X units, rising by 33% on 2021 figures. Overall, imports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2015 when imports increased by 114%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, electrical board and console imports rose rapidly to $X in 2022. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.4% 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 +32.2% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 24% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Germany (X units) constituted the largest electrical board and console supplier to Austria, with a 83% share of total imports. Moreover, electrical board and console imports from Germany exceeded the figures recorded by the second-largest supplier, Hungary (X units), more than tenfold. The third position in this ranking was held by the Czech Republic (X units), with a 3.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at +18.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+31.5% per year) and the Czech Republic (+23.6% per year).

In value terms, Germany ($X) constituted the largest supplier of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v to Austria, comprising 68% of total imports. The second position in the ranking was taken by Hungary ($X), with an 8.5% share of total imports. It was followed by France, with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+22.3% per year) and France (+23.1% per year).

Import Prices by Country

In 2022, the average electrical board and console import price amounted to $X per unit, falling by -19.8% against the previous year. In general, the import price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 31%. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (-1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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