Austria: Market for Electronic Instruments And Machines For Measuring Geometrical Quantities 2024

Market Size for Electronic Instruments And Machines For Measuring Geometrical Quantities in Austria

In 2022, the Austrian geometrical quantities electronic measurer market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption continues to indicate strong growth. Geometrical quantities electronic measurer consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Production of Electronic Instruments And Machines For Measuring Geometrical Quantities in Austria

In value terms, geometrical quantities electronic measurer production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 23%. Geometrical quantities electronic measurer production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Exports from Austria

Geometrical quantities electronic measurer exports from Austria was estimated at X units in 2022, surging by 1.9% compared with the previous year. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 23%. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, geometrical quantities electronic measurer exports fell modestly to $X in 2022. The total export value increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 16% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then shrank in the following year.

Exports by Country

Germany (X units) was the main destination for geometrical quantities electronic measurer exports from Austria, accounting for a 24% share of total exports. Moreover, geometrical quantities electronic measurer exports to Germany exceeded the volume sent to the second major destination, Sweden (X units), threefold. The third position in this ranking was held by the United States (X units), with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to -3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+1.0% per year) and the United States (+2.7% per year).

In value terms, Germany ($X) remains the key foreign market for electronic instruments and machines for measuring geometrical quantities exports from Austria, comprising 31% of total exports. The second position in the ranking was taken by Italy ($X), with a 9.2% share of total exports. It was followed by the United States, with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at +3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+7.9% per year) and the United States (+1.0% per year).

Export Prices by Country

The average geometrical quantities electronic measurer export price stood at $X per unit in 2022, reducing by -2.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. The pace of growth appeared the most rapid in 2014 an increase of 24% against the previous year. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, 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 China ($X per unit), while the average price for exports to Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Imports into Austria

In 2022, purchases abroad of electronic instruments and machines for measuring geometrical quantities increased by 21% to X units, rising for the seventh year in a row after two years of decline. The total import volume increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, geometrical quantities electronic measurer imports skyrocketed to $X in 2022. Overall, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of geometrical quantities electronic measurer to Austria, accounting for a 52% share of total imports. Moreover, geometrical quantities electronic measurer imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), sixfold. The third position in this ranking was taken by Romania (X units), with a 7.4% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+8.4% per year) and Romania (+74.2% per year).

In value terms, Germany ($X) constituted the largest supplier of electronic instruments and machines for measuring geometrical quantities to Austria, comprising 62% of total imports. The second position in the ranking was taken by Hungary ($X), with a 6.6% share of total imports. It was followed by Italy, with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+13.6% per year) and Italy (+11.3% per year).

Import Prices by Country

The average geometrical quantities electronic measurer import price stood at $X per unit in 2022, which is down by -2.2% against the previous year. Overall, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, geometrical quantities electronic measurer import price decreased by -17.2% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by 15%. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while the price for Romania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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