Austria: Market for Flat-Rolled Products Of Silicon-Electrical Steel 2025

Market Size for Flat-Rolled Products Of Silicon-Electrical Steel in Austria

The Austrian silicon-electrical steel flat-rolled product market shrank to $X in 2021, waning by -14.4% against the previous year. In general, consumption showed a pronounced descent. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Flat-Rolled Products Of Silicon-Electrical Steel in Austria

In value terms, silicon-electrical steel flat-rolled product production stood at $X in 2021 estimated in export price. In general, the total production indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -7.0% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 46% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Exports of Flat-Rolled Products Of Silicon-Electrical Steel

Exports from Austria

In 2021, approx. X tons of flat-rolled products of silicon-electrical steel were exported from Austria; jumping by 21% on the previous year. Over the period under review, exports saw a buoyant increase. The pace of growth appeared the most rapid in 2016 with an increase of 359%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, silicon-electrical steel flat-rolled product exports surged to $X in 2021. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 207%. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Italy (X tons), Germany (X tons) and France (X tons) were the main destinations of silicon-electrical steel flat-rolled product exports from Austria, together accounting for 65% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +263.5%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and France ($X) were the largest markets for silicon-electrical steel flat-rolled product exported from Austria worldwide, together accounting for 61% of total exports.

France, with a CAGR of +251.8%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average silicon-electrical steel flat-rolled product export price stood at $X per ton in 2021, increasing by 35% against the previous year. Overall, export price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the average export price increased by 45% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average 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 Hungary ($X per ton), while the average price for exports to Romania ($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 Hungary (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flat-Rolled Products Of Silicon-Electrical Steel

Imports into Austria

Silicon-electrical steel flat-rolled product imports into Austria rose slightly to X tons in 2021, surging by 1.5% on the year before. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 25% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, silicon-electrical steel flat-rolled product imports surged to $X in 2021. The total import value increased at an average annual rate of +1.7% from 2012 to 2021; 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.

Imports by Country

In 2021, Germany (X tons) constituted the largest silicon-electrical steel flat-rolled product supplier to Austria, with a 44% share of total imports. Moreover, silicon-electrical steel flat-rolled product imports from Germany exceeded the figures recorded by the second-largest supplier, Japan (X tons), threefold. The third position in this ranking was held by Poland (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+20.0% per year) and Poland (+7.1% per year).

In value terms, the largest silicon-electrical steel flat-rolled product suppliers to Austria were Germany ($X), Japan ($X) and Poland ($X), together comprising 74% of total imports.

In terms of the main suppliers, Japan, with a CAGR of +18.1%, recorded 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

The average silicon-electrical steel flat-rolled product import price stood at $X per ton in 2021, picking up by 21% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Netherlands ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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