Austria: Market for Hydraulic Cylinders And Systems 2024

Market Size for Hydraulic Cylinders And Systems in Austria

The Austrian hydraulic cylinder and system market skyrocketed to $X in 2022, jumping by 144% against the previous year. In general, consumption enjoyed resilient growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Hydraulic Cylinders And Systems in Austria

In value terms, hydraulic cylinder and system production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by 21%. Over the period under review, production attained the peak level at $X in 2021, and then contracted in the following year.

Exports of Hydraulic Cylinders And Systems

Exports from Austria

In 2022, approx. X units of hydraulic cylinders and systems were exported from Austria; surging by 7.5% against the year before. Overall, total exports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +29.8% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 21%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, hydraulic cylinder and system exports rose modestly to $X in 2022. In general, total exports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +26.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 24% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Germany (X units) was the main destination for hydraulic cylinder and system exports from Austria, with a 37% share of total exports. Moreover, hydraulic cylinder and system exports to Germany exceeded the volume sent to the second major destination, China (X units), sixfold. The third position in this ranking was taken by Luxembourg (X units), with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at +3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+1.7% per year) and Luxembourg (+20.1% per year).

In value terms, Germany ($X) remains the key foreign market for hydraulic cylinders and systems exports from Austria, comprising 29% of total exports. The second position in the ranking was taken by China ($X), with a 7.9% share of total exports. It was followed by France, with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled +2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+1.2% per year) and France (+18.9% per year).

Export Prices by Country

In 2022, the average hydraulic cylinder and system export price amounted to $X per unit, shrinking by -5.4% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 8.6% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Luxembourg ($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 India (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hydraulic Cylinders And Systems

Imports into Austria

In 2022, the amount of hydraulic cylinders and systems imported into Austria surged to X units, picking up by 51% on 2021. Overall, imports continue to indicate a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, hydraulic cylinder and system imports skyrocketed to $X in 2022. In general, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Bulgaria (X units) constituted the largest hydraulic cylinder and system supplier to Austria, accounting for a 49% share of total imports. Moreover, hydraulic cylinder and system imports from Bulgaria exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The third position in this ranking was taken by China (X units), with a 6.4% share.

From 2012 to 2022, the average annual growth rate of volume from Bulgaria totaled +23.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.5% per year) and China (+21.0% per year).

In value terms, the largest hydraulic cylinder and system suppliers to Austria were Bulgaria ($X), Germany ($X) and the United States ($X), together comprising 70% of total imports. China, Italy, Ireland, the Netherlands, Turkey, Slovenia, Poland, the Czech Republic and Russia lagged somewhat behind, together accounting for a further 23%.

In terms of the main suppliers, China, with a CAGR of +23.6%, recorded the highest growth rate of 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 hydraulic cylinder and system import price stood at $X per thousand units in 2022, dropping by -22% against the previous year. Over the period under review, the import price showed a perceptible reduction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 12%. Over the period under review, average import prices attained the peak figure at $X per thousand units in 2014; however, from 2015 to 2022, 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 the United States ($X per thousand units), while the price for China ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :