Austria: Hedge Shear Market 2024

Hedge Shear Market Size in Austria

The Austrian hedge shear market shrank to $X in 2021, waning by -12.1% against the previous year. In general, the total consumption indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +2.8% 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 +34.8% against 2019 indices. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Hedge Shear Production in Austria

In value terms, hedge shear production reduced dramatically to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by 42,304% against the previous year. As a result, production attained the peak level of $X, and then shrank markedly in the following year.

Hedge Shear Exports

Exports from Austria

After two years of growth, overseas shipments of hedge shears and two-handed pruning shears decreased by -14.3% to X tons in 2021. Overall, exports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 58%. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, hedge shear exports declined to $X in 2021. In general, total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +8.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +4.9% against 2017 indices. The growth pace was the most rapid in 2014 with an increase of 40%. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Poland (X tons), Romania (X tons) and Hungary (X tons) were the main destinations of hedge shear exports from Austria, with a combined 51% share of total exports. Italy, Greece, Bulgaria, Croatia, the Czech Republic and Slovakia lagged somewhat behind, together accounting for a further 41%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +62.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hedge shear exported from Austria were Poland ($X), Italy ($X) and Romania ($X), with a combined 50% share of total exports.

Among the main countries of destination, Italy, with a CAGR of +55.7%, recorded the highest rates of growth with regard to 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

In 2021, the average hedge shear export price amounted to $X per ton, surging by 11% against the previous year. Overall, the export price, however, recorded a mild decrease. The pace of growth was the most pronounced in 2018 an increase of 12% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the countries with the highest prices were Italy ($X per ton) and the Czech Republic ($X per ton), while the average price for exports to Bulgaria ($X per ton) and Hungary ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.

Hedge Shear Imports

Imports into Austria

Hedge shear imports into Austria declined to X tons in 2021, which is down by -5.2% against the previous year's figure. Over the period under review, total imports indicated moderate growth from 2012 to 2021: its volume increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -30.7% against 2015 indices. The growth pace was the most rapid in 2015 when imports increased by 58% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, hedge shear imports soared to $X in 2021. The total import value increased at an average annual rate of +4.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 27%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Vietnam (X tons) constituted the largest hedge shear supplier to Austria, with a 52% share of total imports. Moreover, hedge shear imports from Vietnam exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. China (X tons) ranked third in terms of total imports with a 22% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Vietnam amounted to +32.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+14.5% per year) and China (-6.9% per year).

In value terms, Germany ($X) constituted the largest supplier of hedge shears and two-handed pruning shears to Austria, comprising 50% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 22% share of total imports. It was followed by China, with a 19% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +11.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+27.3% per year) and China (-1.2% per year).

Import Prices by Country

The average hedge shear import price stood at $X per ton in 2021, growing by 27% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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