Austria: Pig Iron Articles Market 2025

Pig Iron Articles Market Size in Austria

After two years of decline, the Austrian pig iron articles market increased by 20% to $X in 2021. Overall, consumption, however, recorded a abrupt slump. Pig iron articles consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Pig Iron Articles Production in Austria

In value terms, pig iron articles production soared to $X in 2021 estimated in export price. Over the period under review, production, however, saw a dramatic descent. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Pig Iron Articles Exports

Exports from Austria

After two years of decline, overseas shipments of granules and powders of pig iron increased by 35% to X tons in 2021. Over the period under review, exports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of 140% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, pig iron articles exports soared to $X in 2021. In general, exports, however, showed a pronounced downturn. The pace of growth was the most pronounced in 2017 when exports increased by 56% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X tons) was the main destination for pig iron articles exports from Austria, accounting for a 63% share of total exports. Moreover, pig iron articles exports to Italy exceeded the volume sent to the second major destination, Germany (X tons), sevenfold. Slovenia (X tons) ranked third in terms of total exports with a 9.1% share.

From 2012 to 2021, the average annual growth rate of volume to Italy totaled -3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-10.7% per year) and Slovenia (-17.4% per year).

In value terms, Germany ($X), Italy ($X) and Slovakia ($X) constituted the largest markets for pig iron articles exported from Austria worldwide, with a combined 68% share of total exports. These countries were followed by France, Slovenia and Croatia, which together accounted for a further 9.5%.

Croatia, with a CAGR of +50.9%, recorded the highest rates of growth with regard to 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 pig iron articles export price stood at $X per ton in 2021, waning by -3.7% against the previous year. Overall, the export price, however, showed prominent growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 65% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then dropped slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Slovenia ($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 Slovenia (+11.9%), while the prices for the other major destinations experienced mixed trend patterns.

Pig Iron Articles Imports

Imports into Austria

In 2021, after four years of growth, there was significant decline in supplies from abroad of granules and powders of pig iron, when their volume decreased by -6% to X tons. The total import volume increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 14% against the previous year. As a result, imports reached the peak of X tons, and then fell in the following year.

In value terms, pig iron articles imports surged to $X in 2021. Overall, total imports indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +4.8% 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 +115.9% against 2016 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 24% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Sweden (X tons) constituted the largest supplier of pig iron articles to Austria, accounting for a 57% share of total imports. Moreover, pig iron articles imports from Sweden exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The third position in this ranking was held by Romania (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Sweden stood at +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.7% per year) and Romania (-0.7% per year).

In value terms, Sweden ($X) constituted the largest supplier of granules and powders of pig iron to Austria, comprising 57% of total imports. The second position in the ranking was taken by Germany ($X), with a 21% share of total imports. It was followed by Romania, with an 8.7% share.

From 2012 to 2021, the average annual growth rate of value from Sweden amounted to +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.0% per year) and Romania (+0.7% per year).

Import Prices by Country

The average pig iron articles import price stood at $X per ton in 2021, jumping by 24% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform