Austria: Market for Electro-Thermic Appliances Or Domestic Purposes 2022

Market Size for Electro-Thermic Appliances Or Domestic Purposes in Austria

In 2021, the Austrian market for electro-thermic appliances or domestic purposes increased by 38% to $X, rising for the fifth consecutive year after two years of decline. Overall, consumption showed prominent growth. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in years to come.

Exports of Electro-Thermic Appliances Or Domestic Purposes

Exports from Austria

In 2021, approx. X units of electro-thermic appliances or domestic purposes were exported from Austria; rising by 20% compared with 2020. In general, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 73% against the previous year. Over the period under review, the exports hit record highs at X units in 2016; afterwards, it flattened through to 2021.

In value terms, electro-thermic appliances or domestic purposes exports reduced modestly to $X in 2021. The total export value increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of 34% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for electro-thermic appliances or domestic purposes exports from Austria, with a 33% share of total exports. Moreover, electro-thermic appliances or domestic purposes exports to Germany exceeded the volume sent to the second major destination, Switzerland (X units), threefold. The third position in this ranking was taken by Poland (X units), with an 8.7% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +15.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+6.2% per year) and Poland (+20.9% per year).

In value terms, Germany ($X), Poland ($X) and Italy ($X) were the largest markets for electro-thermic appliances or domestic purposes exported from Austria worldwide, together comprising 48% of total exports.

Poland, with a CAGR of +25.7%, 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

In 2021, the average export price for electro-thermic appliances or domestic purposes amounted to $X per unit, dropping by -18.7% against the previous year. Over the period under review, the export price saw a abrupt decline. The pace of growth appeared the most rapid in 2017 when the average export price increased by 75% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Slovenia ($X per unit), while the average price for exports to Bulgaria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electro-Thermic Appliances Or Domestic Purposes

Imports into Austria

Electro-thermic appliances or domestic purposes imports into Austria surged to X units in 2021, picking up by 39% compared with 2020 figures. Over the period under review, imports continue to indicate a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, electro-thermic appliances or domestic purposes imports soared to $X in 2021. Overall, imports saw buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 41% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

Germany (X units), China (X units) and France (X units) were the main suppliers of electro-thermic appliances or domestic purposes imports to Austria, with a combined 84% share of total imports. These countries were followed by Italy, Poland, Hungary and the Czech Republic, which together accounted for a further 11%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +132.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and France ($X) appeared to be the largest electro-thermic appliances or domestic purposes suppliers to Austria, together accounting for 84% of total imports. These countries were followed by Poland, Italy, the Czech Republic and Hungary, which together accounted for a further 10%.

In terms of the main suppliers, Hungary, with a CAGR of +96.6%, 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

In 2021, the average import price for electro-thermic appliances or domestic purposes amounted to $X per unit, with a decrease of -13.7% against the previous year. Over the period under review, the import price showed a pronounced reduction. The pace of growth was the most pronounced in 2018 an increase of 20%. Over the period under review, average import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per unit), while the price for Hungary ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+5.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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