Austria: Carbides Market 2024

Carbides Market Size in Austria

In 2022, the Austrian carbides market increased by 6.5% to $X, rising for the second year in a row after six years of decline. Overall, consumption, however, saw a pronounced reduction. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Carbides Production in Austria

In value terms, carbides production shrank to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2013 when the production volume increased by 7.1% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Carbides Exports

Exports from Austria

In 2022, after three years of growth, there was significant decline in shipments abroad of carbides, when their volume decreased by -21.4% to X tons. In general, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 547% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then reduced rapidly in the following year.

In value terms, carbides exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a resilient increase. The growth pace was the most rapid in 2019 with an increase of 386% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Slovakia (X tons), Germany (X tons) and the Czech Republic (X tons) were the main destinations of carbides exports from Austria, together accounting for 85% of total exports.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +265.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X), the Czech Republic ($X) and Germany ($X) were the largest markets for carbides exported from Austria worldwide, with a combined 85% share of total exports.

Among the main countries of destination, Slovakia, with a CAGR of +302.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average carbides export price amounted to $X per ton, jumping by 86% against the previous year. Overall, the export price, however, saw a abrupt downturn. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Hungary ($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 Slovakia (+10.2%), while the prices for the other major destinations experienced a decline.

Carbides Imports

Imports into Austria

In 2022, approx. X tons of carbides were imported into Austria; rising by 25% against the previous year's figure. Overall, imports, however, saw a noticeable reduction. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, carbides imports rose markedly to $X in 2022. In general, total imports indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.2% 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 +98.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 74% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Slovakia (X tons) and Luxembourg (X tons) were the main suppliers of carbides imports to Austria, with a combined 86% share of total imports. China, the Czech Republic and Italy lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +154.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Luxembourg ($X), the Czech Republic ($X) and Germany ($X) appeared to be the largest carbides suppliers to Austria, together accounting for 82% of total imports. Slovakia, China and Italy lagged somewhat behind, together comprising a further 8.1%.

In terms of the main suppliers, Italy, with a CAGR of +109.7%, recorded the highest rates of growth with regard to 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 carbides import price stood at $X per ton in 2022, dropping by -9.4% against the previous year. Overall, the import price, however, continues to indicate a perceptible expansion. The pace of growth was the most pronounced in 2018 an increase of 52% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained 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 Luxembourg ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+18.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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