Austria: Market for Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles 2024

Market Size for Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles in Austria

In 2022, after three years of growth, there was significant decline in the Austrian market for electrical lighting or visual signaling equipment for motor vehicles and cycles, when its value decreased by X% to $X. Over the period under review, consumption, however, posted tangible growth. As a result, consumption reached the peak level of $X, and then contracted rapidly in the following year.

Production of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles in Austria

In value terms, lighting equipment for motor vehicles production fell to $X in 2022 estimated in export price. Overall, production saw a slight slump. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Exports of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles

Exports from Austria

In 2022, the amount of electrical lighting or visual signaling equipment for motor vehicles and cycles exported from Austria declined to X units, remaining stable against 2021 figures. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, lighting equipment for motor vehicles exports fell to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X units) was the main destination for lighting equipment for motor vehicles exports from Austria, with a X% share of total exports. Moreover, lighting equipment for motor vehicles exports to Germany exceeded the volume sent to the second major destination, the UK (X units), threefold. The third position in this ranking was taken by Hungary (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Hungary (X% per year).

In value terms, Germany ($X) remains the key foreign market for electrical lighting or visual signaling equipment for motor vehicles and cycles exports from Austria, comprising X% of total exports. The second position in the ranking was held by the UK ($X), with a X% share of total exports. It was followed by Hungary, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Hungary (X% per year).

Export Prices by Country

In 2022, the average export price for electrical lighting or visual signaling equipment for motor vehicles and cycles amounted to $X per unit, shrinking by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Belgium ($X per unit) and the UK ($X per unit), while the average price for exports to Slovakia ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles

Imports into Austria

In 2022, supplies from abroad of electrical lighting or visual signaling equipment for motor vehicles and cycles increased by X% to X units, rising for the sixth year in a row after three years of decline. In general, imports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, lighting equipment for motor vehicles imports declined remarkably to $X in 2022. Overall, imports enjoyed a strong expansion. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then dropped sharply in the following year.

Imports by Country

Germany (X units), Portugal (X units) and Slovenia (X units) were the main suppliers of lighting equipment for motor vehicles imports to Austria, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Portugal ($X) and Slovenia ($X) appeared to be the largest lighting equipment for motor vehicles suppliers to Austria, with a combined X% share of total imports.

Among the main suppliers, Portugal, with a CAGR of X%, 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

In 2022, the average import price for electrical lighting or visual signaling equipment for motor vehicles and cycles amounted to $X per unit, falling by X% against the previous year. In general, the import price showed a noticeable decrease. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Slovenia ($X per unit) and India ($X per unit), while the price for Taiwan (Chinese) ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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