Austria: Hydraulic Press Market 2024

Hydraulic Press Market Size in Austria

The Austrian hydraulic press market dropped markedly to $X in 2022, with a decrease of -16.7% against the previous year. Over the period under review, consumption, however, saw a prominent expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Hydraulic Press Production in Austria

In value terms, hydraulic press production soared to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by 142% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Hydraulic Press Exports

Exports from Austria

Hydraulic press exports from Austria rose rapidly to X units in 2022, growing by 7.2% compared with the previous year. Overall, exports, however, showed a noticeable reduction. The pace of growth appeared the most rapid in 2018 when exports increased by 63%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, hydraulic press exports declined modestly to $X in 2022. Over the period under review, exports, however, recorded a noticeable downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 33% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X units) was the main destination for hydraulic press exports from Austria, accounting for a 26% share of total exports. Moreover, hydraulic press exports to Germany exceeded the volume sent to the second major destination, Slovakia (X units), twofold. The UK (X units) ranked third in terms of total exports with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+17.9% per year) and the UK (+39.3% per year).

In value terms, the largest markets for hydraulic press exported from Austria were Germany ($X), the UK ($X) and Greece ($X), with a combined 37% share of total exports.

Greece, with a CAGR of +47.7%, saw 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

In 2022, the average hydraulic press export price amounted to $X per unit, shrinking by -8.8% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 62% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to Germany ($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 Greece (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

Hydraulic Press Imports

Imports into Austria

Hydraulic press imports into Austria dropped notably to X units in 2022, declining by -34.5% compared with 2021. Overall, imports, however, recorded a modest increase. The growth pace was the most rapid in 2018 with an increase of 301% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, hydraulic press imports declined markedly to $X in 2022. Over the period under review, imports saw a pronounced descent. The pace of growth was the most pronounced in 2018 with an increase of 157% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), Italy (X units) and the United States (X units) were the main suppliers of hydraulic press imports to Austria, together accounting for 87% of total imports. China, Switzerland, the Netherlands, Poland and Slovenia lagged somewhat behind, together accounting for a further 8.8%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +21.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and the United States ($X) constituted the largest hydraulic press suppliers to Austria, with a combined 87% share of total imports. China, Switzerland, the Netherlands, Poland and Slovenia lagged somewhat behind, together comprising a further 8.8%.

The Netherlands, with a CAGR of +17.4%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average hydraulic press import price stood at $X per unit in 2022, increasing by 20% against the previous year. In general, the import price, however, recorded a noticeable slump. The pace of growth appeared the most rapid in 2016 an increase of 93%. As a result, import price reached the peak level of $X per unit. From 2017 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Netherlands ($X per unit) and Switzerland ($X per unit), while the price for Poland ($X per unit) and Slovenia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (-3.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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