Austria: Wood Barrel Market 2024

Wood Barrel Market Size in Austria

The Austrian wood barrel market rose markedly to $X in 2022, surging by 9.2% against the previous year. Over the period under review, consumption, however, saw a deep setback. Wood barrel consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Wood Barrel Production in Austria

In value terms, wood barrel production rose to $X in 2022 estimated in export price. Overall, production, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 60% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Wood Barrel Exports

Exports from Austria

In 2022, wood barrel exports from Austria rose rapidly to X units, with an increase of 7.5% on the year before. Overall, exports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2017 when exports increased by 40%. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, wood barrel exports rose markedly to $X in 2022. Over the period under review, exports posted a prominent expansion. The growth pace was the most rapid in 2017 with an increase of 56%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Italy (X units) was the main destination for wood barrel exports from Austria, with a 46% share of total exports. Moreover, wood barrel exports to Italy exceeded the volume sent to the second major destination, France (X units), twofold. The third position in this ranking was taken by the United States (X units), with an 8.1% share.

From 2012 to 2022, the average annual growth rate of volume to Italy totaled +7.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+9.3% per year) and the United States (+31.2% per year).

In value terms, the largest markets for wood barrel exported from Austria were Italy ($X), France ($X) and the United States ($X), with a combined 71% share of total exports. Germany, Spain, Australia, Hungary and Chile lagged somewhat behind, together accounting for a further 18%.

Among the main countries of destination, Hungary, with a CAGR of +46.8%, recorded 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 wood barrel export price stood at $X per unit in 2022, remaining relatively unchanged against the previous year. Overall, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wood barrel export price increased by +72.3% against 2014 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by 27%. The export price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Italy ($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 Germany (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Barrel Imports

Imports into Austria

In 2022, wood barrel imports into Austria expanded significantly to X units, increasing by 14% compared with the previous year. Over the period under review, imports, however, faced a abrupt curtailment. The pace of growth was the most pronounced in 2017 with an increase of 191% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, wood barrel imports soared to $X in 2022. In general, imports, however, continue to indicate a mild descent. The most prominent rate of growth was recorded in 2017 with an increase of 167%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

France (X units), Italy (X units) and Germany (X units) were the main suppliers of wood barrel imports to Austria, together comprising 63% of total imports. These countries were followed by Romania, Lithuania, Hungary and China, which together accounted for a further 31%.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of +67.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Italy ($X) and Germany ($X) were the largest wood barrel suppliers to Austria, together comprising 79% of total imports. These countries were followed by Lithuania, Romania, China and Hungary, which together accounted for a further 16%.

In terms of the main suppliers, Lithuania, with a CAGR of +88.6%, saw 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 wood barrel import price stood at $X per unit in 2022, rising by 15% against the previous year. Over the period under review, the import price posted buoyant growth. The pace of growth was the most pronounced in 2014 an increase of 40%. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 France ($X per unit), while the price for Romania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+21.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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