Austria: Market for Instruments for Measuring Electrical Quantities 2024

Market Size for Instruments for Measuring Electrical Quantities in Austria

The Austrian market for instruments for measuring electrical quantities shrank significantly to $X in 2021, declining by -31% against the previous year. Over the period under review, consumption saw a noticeable descent. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Instruments for Measuring Electrical Quantities in Austria

In value terms, instruments for measuring electrical quantities production skyrocketed to $X in 2021 estimated in export price. In general, production, however, saw significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 3,939%. Instruments for measuring electrical quantities production peaked in 2021 and is likely to continue growth in years to come.

Exports of Instruments for Measuring Electrical Quantities

Exports from Austria

In 2021, overseas shipments of instruments for measuring electrical quantities were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. In general, exports recorded a notable increase. The pace of growth was the most pronounced in 2015 with an increase of 76%. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, instruments for measuring electrical quantities exports expanded sharply to $X in 2021. Over the period under review, exports showed a prominent increase. The most prominent rate of growth was recorded in 2015 with an increase of 104% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for instruments for measuring electrical quantities exports from Austria, accounting for a 24% share of total exports. Moreover, instruments for measuring electrical quantities exports to Germany exceeded the volume sent to the second major destination, Australia (X units), threefold. The third position in this ranking was held by China (X units), with a 5.5% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+40.5% per year) and China (+3.7% per year).

In value terms, Germany ($X) remains the key foreign market for instruments for measuring electrical quantities exports from Austria, comprising 22% of total exports. The second position in the ranking was held by Australia ($X), with a 7.1% share of total exports. It was followed by China, with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to +12.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+38.2% per year) and China (+4.6% per year).

Export Prices by Country

In 2021, the average export price for instruments for measuring electrical quantities amounted to $X per unit, shrinking by -8.5% against the previous year. Overall, the export price, however, saw prominent growth. The growth pace was the most rapid in 2017 an increase of 29% against the previous year. The export price peaked at $X per unit in 2020, and then contracted in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Italy ($X per unit), while the average price for exports to Serbia ($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 Botswana (+22.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Instruments for Measuring Electrical Quantities

Imports into Austria

In 2021, purchases abroad of instruments for measuring electrical quantities increased by 19% to X units, rising for the third consecutive year after two years of decline. In general, imports, however, showed a relatively flat trend pattern. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, instruments for measuring electrical quantities imports soared to $X in 2021. The total import value increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X units) constituted the largest instruments for measuring electrical quantities supplier to Austria, with a 59% share of total imports. Moreover, instruments for measuring electrical quantities imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. Italy (X units) ranked third in terms of total imports with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-7.0% per year) and Italy (-7.1% per year).

In value terms, Germany ($X) constituted the largest supplier of instruments for measuring electrical quantities to Austria, comprising 63% of total imports. The second position in the ranking was held by China ($X), with a 7.4% share of total imports. It was followed by the Czech Republic, with a 5.7% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-1.6% per year) and the Czech Republic (+13.0% per year).

Import Prices by Country

The average import price for instruments for measuring electrical quantities stood at $X per unit in 2021, stabilizing at the previous year. Overall, import price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, instruments for measuring electrical quantities import price decreased by -18.3% against 2018 indices. The most prominent rate of growth was recorded in 2017 an increase of 29% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Switzerland ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+19.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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