Austria: Market for In-Hand Motor Grinders, Sanders And Planers 2024

Market Size for In-Hand Motor Grinders, Sanders And Planers in Austria

In 2021, after three years of growth, there was significant decline in the Austrian market for in-hand motor grinders, sanders and planers, when its value decreased by -57.9% to $X. Over the period under review, consumption, however, posted resilient growth. Consumption of peaked at $X in 2020, and then fell rapidly in the following year.

Production of In-Hand Motor Grinders, Sanders And Planers in Austria

In value terms, production of in-hand motor grinders, sanders and planers reduced markedly to $X in 2021 estimated in export price. Overall, production saw a abrupt descent. The pace of growth appeared the most rapid in 2016 when the production volume increased by 86%. As a result, production reached the peak level of $X. From 2017 to 2021, production of growth remained at a lower figure.

Exports of In-Hand Motor Grinders, Sanders And Planers

Exports from Austria

In 2021, overseas shipments of in-hand motor grinders, sanders and planers increased by 31% to X units, rising for the second consecutive year after three years of decline. Overall, exports posted buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of 64%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, exports of in-hand motor grinders, sanders and planers soared to $X in 2021. Over the period under review, exports showed buoyant growth. The pace of growth was the most pronounced in 2016 with an increase of 29%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

France (X units), Italy (X units) and Poland (X units) were the main destinations of exports of in-hand motor grinders, sanders and planers from Austria, with a combined 42% share of total exports. Germany, Hungary, the Czech Republic, Romania, the United States, Bulgaria, Slovakia, Liechtenstein, Greece and Croatia lagged somewhat behind, together accounting for a further 48%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Croatia (with a CAGR of +44.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electromechanical tools for working in the hand, with self-contained electric motor exported from Austria were France ($X), Germany ($X) and Italy ($X), together comprising 48% of total exports. These countries were followed by Poland, the Czech Republic, the United States, Hungary, Liechtenstein, Romania, Bulgaria, Slovakia, Greece and Croatia, which together accounted for a further 32%.

In terms of the main countries of destination, Croatia, with a CAGR of +37.4%, 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 export price for in-hand motor grinders, sanders and planers stood at $X per unit in 2021, reducing by -10.5% against the previous year. In general, the export price continues to indicate a perceptible decrease. The pace of growth appeared the most rapid in 2017 when the average export price increased by 29%. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to Romania ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Liechtenstein (+17.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of In-Hand Motor Grinders, Sanders And Planers

Imports into Austria

For the eighth year in a row, Austria recorded growth in supplies from abroad of in-hand motor grinders, sanders and planers, which increased by 19% to X units in 2021. Over the period under review, imports recorded strong growth. The pace of growth was the most pronounced in 2020 with an increase of 50% against the previous year. Over the period under review, imports of attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, imports of in-hand motor grinders, sanders and planers surged to $X in 2021. Overall, imports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2014 with an increase of 34%. Over the period under review, imports of reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest electromechanical tools for working in the hand, with self-contained electric motor supplier to Austria, accounting for a 58% share of total imports. Moreover, imports of in-hand motor grinders, sanders and planers from China exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The third position in this ranking was taken by Romania (X units), with a 7.6% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+22.5% per year) and Romania (+22.8% per year).

In value terms, the largest electromechanical tools for working in the hand, with self-contained electric motor suppliers to Austria were China ($X), Germany ($X) and Romania ($X), with a combined 80% share of total imports. The UK, Japan, the Czech Republic, Hungary and Malaysia lagged somewhat behind, together accounting for a further 7.9%.

The UK, with a CAGR of +23.7%, saw the highest rates of growth with regard to the value of imports, among 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 import price for in-hand motor grinders, sanders and planers stood at $X per unit in 2021, with an increase of 8.4% against the previous year. In general, the import price, however, saw a mild shrinkage. The pace of growth was the most pronounced in 2013 when the average import price increased by 42%. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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