Austria: Carbon Dioxide Market 2024

Carbon Dioxide Market Size in Austria

In 2022, the Austrian carbon dioxide market increased by 3.1% to $X, rising for the sixth consecutive year after two years of decline. Over the period under review, the total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +103.8% against 2016 indices. Carbon dioxide consumption peaked in 2022 and is likely to see gradual growth in years to come.

Carbon Dioxide Production in Austria

In value terms, carbon dioxide production dropped to $X in 2022 estimated in export price. Overall, the total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +67.7% against 2015 indices. The most prominent rate of growth was recorded in 2020 with an increase of 22%. Carbon dioxide production peaked at $X in 2021, and then declined in the following year.

Carbon Dioxide Exports

Exports from Austria

In 2022, approx. X tons of carbon dioxide were exported from Austria; which is down by -34.5% against the previous year's figure. In general, exports saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 67%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, carbon dioxide exports contracted to $X in 2022. Over the period under review, exports, however, posted a prominent expansion. The growth pace was the most rapid in 2019 when exports increased by 35%. The exports peaked at $X in 2021, and then declined in the following year.

Exports by Country

Germany (X tons) was the main destination for carbon dioxide exports from Austria, with a 70% share of total exports. Moreover, carbon dioxide exports to Germany exceeded the volume sent to the second major destination, Poland (X tons), ninefold. Italy (X tons) ranked third in terms of total exports with a 4% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to +5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+35.8% per year) and Italy (-10.0% per year).

In value terms, Germany ($X), the United States ($X) and Switzerland ($X) were the largest markets for carbon dioxide exported from Austria worldwide, together comprising 55% of total exports. Italy, France, the UK, the Czech Republic and Poland lagged somewhat behind, together accounting for a further 22%.

Among the main countries of destination, Poland, with a CAGR of +21.0%, saw the highest rates of growth with regard to 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

The average carbon dioxide export price stood at $X per ton in 2022, rising by 33% against the previous year. Overall, the export price posted a remarkable increase. The most prominent rate of growth was recorded in 2019 an increase of 67% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

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 the UK ($X per ton), while the average price for exports to Poland ($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 Italy (+26.1%), while the prices for the other major destinations experienced more modest paces of growth.

Carbon Dioxide Imports

Imports into Austria

In 2022, after two years of decline, there was growth in purchases abroad of carbon dioxide, when their volume increased by 1.7% to X tons. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 64%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, carbon dioxide imports dropped to $X in 2022. In general, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of 91% against the previous year. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X tons) and Hungary (X tons) were the main suppliers of carbon dioxide imports to Austria.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +4.6%).

In value terms, Germany ($X) constituted the largest supplier of carbon dioxide to Austria, comprising 75% of total imports. The second position in the ranking was taken by Hungary ($X), with a 19% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +7.6%.

Import Prices by Country

In 2022, the average carbon dioxide import price amounted to $X per ton, reducing by -14.5% against the previous year. Overall, the import price, however, saw strong growth. The most prominent rate of growth was recorded in 2015 when the average import price increased by 58% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 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 Germany ($X per ton), while the price for Hungary amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.6%).

Source: IndexBox Platform

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