Austria: Power Tool Market 2024

Power Tool Market Size in Austria

The Austrian power tool market surged to $X in 2021, picking up by 144% against the previous year. Over the period under review, consumption showed prominent growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Power Tool Production in Austria

In value terms, power tool production amounted to $X in 2021 estimated in export price. In general, production recorded a abrupt slump. The most prominent rate of growth was recorded in 2013 when the production volume increased by 368% against the previous year. Power tool production peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Power Tool Exports

Exports from Austria

In 2021, shipments abroad of power tools increased by 4% to X units, rising for the second year in a row after three years of decline. In general, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 55% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, power tool exports soared to $X in 2021. Overall, total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +8.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +113.4% against 2012 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X units), Germany (X units) and Poland (X units) were the main destinations of power tool exports from Austria, together accounting for 52% of total exports. Italy, Hungary, the Czech Republic, Romania, the United States, Bulgaria, Slovakia, Liechtenstein, Greece and Slovenia lagged somewhat behind, together accounting for a further 58%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bulgaria (with a CAGR of +31.2%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Italy ($X) appeared to be the largest markets for power tool exported from Austria worldwide, together comprising 48% of total exports. The United States, Poland, the Czech Republic, Hungary, Liechtenstein, Romania, Bulgaria, Slovakia, Greece and Slovenia lagged somewhat behind, together comprising a further 32%.

Among the main countries of destination, Liechtenstein, with a CAGR of +45.6%, saw the highest growth rate of 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 power tool export price stood at $X per unit in 2021, increasing by 13% against the previous year. Overall, the export price, however, recorded a perceptible setback. The pace of growth was the most pronounced in 2017 when the average export price increased by 40% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Romania ($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 Liechtenstein (+26.6%), while the prices for the other major destinations experienced more modest paces of growth.

Power Tool Imports

Imports into Austria

For the fifth year in a row, Austria recorded growth in overseas purchases of power tools, which increased by 20% to X units in 2021. Over the period under review, imports recorded strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 59% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, power tool imports soared to $X in 2021. Overall, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +8.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +73.2% against 2014 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 25%. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, China (X units) constituted the largest power tool supplier to Austria, accounting for a 71% share of total imports. Moreover, power tool imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The third position in this ranking was held by Romania (X units), with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+20.5% per year) and Romania (+27.1% per year).

In value terms, the largest power tool suppliers to Austria were China ($X), Germany ($X) and Romania ($X), together accounting for 82% of total imports. The UK, the Czech Republic, Slovenia, Japan and Hungary lagged somewhat behind, together accounting for a further 9.6%.

Slovenia, with a CAGR of +67.0%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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 power tool import price amounted to $X per unit, therefore, remained relatively stable against the previous year. Over the period under review, the import price, however, saw a noticeable shrinkage. The growth pace was the most rapid in 2016 an increase of 12%. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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