Austria: Market for Grinding And Sharpening Metal Finishing Machines 2024

Market Size for Grinding And Sharpening Metal Finishing Machines in Austria

In 2022, the Austrian grinding and sharpening machine market decreased by -27.8% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption, however, posted a tangible increase. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Grinding And Sharpening Metal Finishing Machines in Austria

In value terms, grinding and sharpening machine production contracted rapidly to $X in 2022 estimated in export price. In general, production showed a deep slump. The pace of growth was the most pronounced in 2019 with an increase of 94%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Exports of Grinding And Sharpening Metal Finishing Machines

Exports from Austria

In 2022, shipments abroad of grinding and sharpening metal finishing machines increased by 1.4% to X units for the first time since 2018, thus ending a three-year declining trend. Overall, exports saw a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of 119%. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, grinding and sharpening machine exports contracted significantly to $X in 2022. In general, exports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when exports increased by 65%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Poland (X units), Romania (X units) and Hungary (X units) were the main destinations of grinding and sharpening machine exports from Austria, with a combined 45% share of total exports. Bulgaria, Croatia, Italy, the Czech Republic, Germany and Slovakia lagged somewhat behind, together accounting for a further 48%.

From 2012 to 2022, the biggest increases were recorded for Croatia (with a CAGR of +39.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for grinding and sharpening machine exported from Austria were Germany ($X), Italy ($X) and Poland ($X), together accounting for 44% of total exports. Hungary, Romania, the Czech Republic, Croatia, Bulgaria and Slovakia lagged somewhat behind, together comprising a further 22%.

In terms of the main countries of destination, Croatia, with a CAGR of +15.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average grinding and sharpening machine export price stood at $X per unit in 2022, which is down by -41.2% against the previous year. Overall, the export price saw a abrupt decline. The pace of growth was the most pronounced in 2021 when the average export price increased by 112% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Bulgaria ($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 Germany (-1.8%), while the prices for the other major destinations experienced a decline.

Imports of Grinding And Sharpening Metal Finishing Machines

Imports into Austria

In 2022, approx. X units of grinding and sharpening metal finishing machines were imported into Austria; reducing by -14.5% on the previous year's figure. Overall, imports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2018 when imports increased by 54%. Imports peaked at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, grinding and sharpening machine imports contracted dramatically to $X in 2022. In general, imports showed a abrupt downturn. The growth pace was the most rapid in 2018 with an increase of 74%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of grinding and sharpening machine to Austria, with a 84% share of total imports. Moreover, grinding and sharpening machine imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), sevenfold.

From 2012 to 2022, the average annual growth rate of volume from China stood at +6.9%.

In value terms, the largest grinding and sharpening machine suppliers to Austria were Germany ($X) and China ($X).

China, with a CAGR of +8.7%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

In 2022, the average grinding and sharpening machine import price amounted to $X per unit, with a decrease of -2.6% against the previous year. Over the period under review, the import price continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2021 when the average import price increased by 20% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 Germany ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.7%).

Source: IndexBox Platform

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