Austria: Cranks And Crankshafts Market 2024

Cranks And Crankshafts Market Size in Austria

The Austrian cranks and crankshafts market fell to $X in 2022, shrinking by -9.7% against the previous year. Over the period under review, the total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +2.6% 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 +2.6% against 2020 indices. Over the period under review, the market hit record highs at $X in 2021, and then declined in the following year.

Cranks And Crankshafts Production in Austria

In value terms, cranks and crankshafts production shrank significantly to $X in 2022 estimated in export price. Over the period under review, production recorded a sharp contraction. Over the period under review, production reached the peak level at $X in 2021, and then shrank rapidly in the following year.

Cranks And Crankshafts Exports

Exports from Austria

Cranks and crankshafts exports from Austria fell to X tons in 2022, which is down by -6.3% against the previous year's figure. In general, exports continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2021 when exports increased by 49%. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, cranks and crankshafts exports reduced to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 32% against the previous year. As a result, the exports attained the peak of $X, and then reduced in the following year.

Exports by Country

Germany (X tons) was the main destination for cranks and crankshafts exports from Austria, accounting for a 55% share of total exports. Moreover, cranks and crankshafts exports to Germany exceeded the volume sent to the second major destination, Mexico (X tons), fourfold. Brazil (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled -2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+9.8% per year) and Brazil (+42.9% per year).

In value terms, the largest markets for cranks and crankshafts exported from Austria were Germany ($X), Mexico ($X) and the United States ($X), together accounting for 65% of total exports. Bosnia and Herzegovina, Switzerland, France, Brazil, Hungary and Slovakia lagged somewhat behind, together accounting for a further 12%.

Bosnia and Herzegovina, with a CAGR of +45.2%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cranks and crankshafts export price stood at $X per ton in 2022, with a decrease of -8% against the previous year. In general, the export price, however, saw prominent growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 40% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Brazil ($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 Hungary (+32.0%), while the prices for the other major destinations experienced more modest paces of growth.

Cranks And Crankshafts Imports

Imports into Austria

In 2022, imports of cranks and crankshafts into Austria contracted to X tons, waning by -7.7% on the year before. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 18%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, cranks and crankshafts imports reduced to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 20% against the previous year. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of cranks and crankshafts to Austria, accounting for a 67% share of total imports. Moreover, cranks and crankshafts imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), eightfold. Italy (X tons) ranked third in terms of total imports with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (-4.0% per year) and Italy (+0.6% per year).

In value terms, Germany ($X) constituted the largest supplier of cranks and crankshafts to Austria, comprising 68% of total imports. The second position in the ranking was taken by Italy ($X), with a 5% share of total imports. It was followed by Poland, with a 3.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+3.9% per year) and Poland (+35.3% per year).

Import Prices by Country

The average cranks and crankshafts import price stood at $X per ton in 2022, dropping by -2.1% against the previous year. In general, the import price, however, saw a slight increase. The pace of growth appeared the most rapid in 2020 an increase of 14%. The import price peaked at $X per ton in 2021, and then shrank modestly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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