Austria: Electrical Circuit Apparatus Market 2022

Electrical Circuit Apparatus Market Size in Austria

The Austrian electrical circuit apparatus market shrank to $X in 2021, dropping by -6.2% against the previous year. In general, consumption recorded a relatively flat trend pattern. Electrical circuit apparatus consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Electrical Circuit Apparatus Production in Austria

In value terms, electrical circuit apparatus production dropped to $X in 2021 estimated in export price. In general, production showed a slight shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 16%. Electrical circuit apparatus production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Electrical Circuit Apparatus Exports

Exports from Austria

In 2021, overseas shipments of electrical apparatus for circuit connection, switching and protection increased by 16% to X tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, electrical circuit apparatus exports expanded sharply to $X in 2021. The total export value increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 12%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for electrical circuit apparatus exports from Austria, accounting for a 31% share of total exports. Moreover, electrical circuit apparatus exports to Germany exceeded the volume sent to the second major destination, Poland (X tons), fivefold. The third position in this ranking was taken by the Czech Republic (X tons), with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled +4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+3.5% per year) and the Czech Republic (-2.2% per year).

In value terms, Germany ($X) remains the key foreign market for electrical circuit apparatus exports from Austria, comprising 31% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 6.2% share of total exports. It was followed by Hungary, with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to +2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-0.5% per year) and Hungary (+3.1% per year).

Export Prices by Country

In 2021, the average electrical circuit apparatus export price amounted to $X per ton, shrinking by -4.3% against the previous year. Overall, the export price continues to indicate a mild descent. The most prominent rate of growth was recorded in 2018 an increase of 8.9% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Circuit Apparatus Imports

Imports into Austria

In 2021, supplies from abroad of electrical apparatus for circuit connection, switching and protection increased by 15% to X tons, rising for the third year in a row after five years of decline. The total import volume increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, electrical circuit apparatus imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.5% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of electrical circuit apparatus to Austria, accounting for a 47% share of total imports. Moreover, electrical circuit apparatus imports from Germany exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), threefold. The third position in this ranking was held by China (X tons), with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+1.4% per year) and China (-2.7% per year).

In value terms, Germany ($X) constituted the largest supplier of electrical circuit apparatus to Austria, comprising 56% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a 10% share of total imports. It was followed by Hungary, with a 3.8% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+2.9% per year) and Hungary (+12.7% per year).

Import Prices by Country

In 2021, the average electrical circuit apparatus import price amounted to $X per ton, surging by 8.5% against the previous year. Over the last nine years, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2018 an increase of 18% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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