Austria: Market for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines 2024

Market Size for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in Austria

In 2021, the Austrian fuel or lubricating pump market increased by 15% to $X, rising for the second year in a row after two years of decline. In general, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +15.0% against 2019 indices. Fuel or lubricating pump consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Production of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in Austria

In value terms, fuel or lubricating pump production fell slightly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a mild descent. The most prominent rate of growth was recorded in 2018 with an increase of 7.4%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Exports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Exports from Austria

After two years of decline, overseas shipments of fuel, lubricating or cooling-medium pumps for internal combustion engines increased by 14% to X units in 2021. Overall, exports, however, showed a abrupt downturn. The growth pace was the most rapid in 2015 with an increase of 25% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, fuel or lubricating pump exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a pronounced downturn. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X units), the UK (X units) and Hungary (X units) were the main destinations of fuel or lubricating pump exports from Austria, with a combined 74% share of total exports. The Czech Republic, Belgium, China and Poland lagged somewhat behind, together comprising a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +16.7%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for fuel, lubricating or cooling-medium pumps for internal combustion engines exports from Austria, comprising 37% of total exports. The second position in the ranking was taken by the UK ($X), with a 12% share of total exports. It was followed by Hungary, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to -3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+5.3% per year) and Hungary (-4.7% per year).

Export Prices by Country

In 2021, the average fuel or lubricating pump export price amounted to $X per unit, increasing by 3.2% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 11%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was China ($X per unit), while the average price for exports to the Czech Republic ($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 Poland (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Imports into Austria

In 2021, purchases abroad of fuel, lubricating or cooling-medium pumps for internal combustion engines was finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by 23%. Imports peaked at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, fuel or lubricating pump imports soared to $X in 2021. Overall, imports, however, showed a slight setback. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Italy (X units), Germany (X units) and the Czech Republic (X units) were the main suppliers of fuel or lubricating pump imports to Austria, together accounting for 96% of total imports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +18.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest fuel or lubricating pump suppliers to Austria were Italy ($X), Germany ($X) and the Czech Republic ($X), together accounting for 94% of total imports.

In terms of the main suppliers, Italy, with a CAGR of +13.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average fuel or lubricating pump import price stood at $X per unit in 2021, rising by 1.8% against the previous year. Over the period under review, the import price, however, showed a mild reduction. The most prominent rate of growth was recorded in 2013 when the average import price increased by 11% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the Czech Republic ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :