Austria: Electronic Chip Market 2024

Electronic Chip Market Size in Austria

The Austrian electronic chip market surged to $X in 2021, growing by 34% against the previous year. Over the period under review, consumption enjoyed a resilient increase. Electronic chip consumption peaked in 2021 and is expected to retain growth in the near future.

Electronic Chip Production in Austria

In value terms, electronic chip production expanded to $X in 2021 estimated in export price. In general, the total production indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -3.5% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 15%. Electronic chip production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Electronic Chip Exports

Exports from Austria

In 2021, shipments abroad of electronic chips was finally on the rise to reach X units for the first time since 2016, thus ending a four-year declining trend. In general, exports, however, saw a relatively flat trend pattern. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, electronic chip exports surged to $X in 2021. Overall, exports, however, recorded a perceptible contraction. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for electronic chip exports from Austria, with a 33% share of total exports. Moreover, electronic chip exports to Germany exceeded the volume sent to the second major destination, Romania (X units), fourfold. Hungary (X units) ranked third in terms of total exports with a 6.7% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to -6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+41.3% per year) and Hungary (+6.7% per year).

In value terms, Germany ($X) remains the key foreign market for electronic chips exports from Austria, comprising 23% of total exports. The second position in the ranking was held by Poland ($X), with a 7.3% share of total exports. It was followed by China, with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled -2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+24.8% per year) and China (+1.9% per year).

Export Prices by Country

In 2021, the average electronic chip export price amounted to $X per unit, therefore, remained relatively stable against the previous year. Overall, the export price recorded a mild descent. The most prominent rate of growth was recorded in 2017 when the average export price increased by 23% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 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, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to France ($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 Slovakia (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Electronic Chip Imports

Imports into Austria

In 2021, supplies from abroad of electronic chips was finally on the rise to reach X units after two years of decline. The total import volume increased at an average annual rate of +3.2% over the period 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 when imports increased by 23% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in the near future.

In value terms, electronic chip imports surged to $X in 2021. Overall, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine-year period. 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

Germany (X units), Belgium (X units) and Romania (X units) were the main suppliers of electronic chip imports to Austria, together comprising 66% of total imports.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +81.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of electronic chips to Austria, comprising 37% of total imports. The second position in the ranking was taken by China ($X), with a 9.2% share of total imports. It was followed by the Netherlands, with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+16.4% per year) and the Netherlands (+11.7% per year).

Import Prices by Country

In 2021, the average electronic chip import price amounted to $X per unit, rising by 20% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.4%. The growth pace was the most rapid in 2013 an increase of 31%. Over the period under review, average import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for Belgium (less than $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 United States (+32.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :