Austria: Wire And Cable Market 2024

Wire And Cable Market Size in Austria

The Austrian wire and cable market surged to $X in 2021, rising by 36% against the previous year. In general, the total consumption indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +34.2% against 2018 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Wire And Cable Production in Austria

In value terms, wire and cable production soared to $X in 2021 estimated in export price. Overall, the total production indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Wire And Cable Exports

Exports from Austria

Wire and cable exports from Austria soared to X tons in 2021, rising by 29% on the year before. The total export volume increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, wire and cable exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for wire and cable exports from Austria, accounting for a 35% share of total exports. Moreover, wire and cable exports to Germany exceeded the volume sent to the second major destination, the Czech Republic (X tons), threefold. Hungary (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled +1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+3.3% per year) and Hungary (+9.9% per year).

In value terms, Germany ($X) remains the key foreign market for insulated wire and cable exports from Austria, comprising 32% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 12% share of total exports. It was followed by Hungary, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled +2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+3.3% per year) and Hungary (+3.6% per year).

Export Prices by Country

In 2021, the average wire and cable export price amounted to $X per ton, increasing by 14% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Croatia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Wire And Cable Imports

Imports into Austria

In 2021, approx. X tons of insulated wire and cable were imported into Austria; increasing by 33% on the previous year. Over the period under review, total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +81.9% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, wire and cable imports surged to $X in 2021. Overall, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Romania (X tons) constituted the largest wire and cable supplier to Austria, with a 38% share of total imports. Moreover, wire and cable imports from Romania exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. Croatia (X tons) ranked third in terms of total imports with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Romania totaled +35.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.6% per year) and Croatia (+2.0% per year).

In value terms, the largest wire and cable suppliers to Austria were Romania ($X), Germany ($X) and the Czech Republic ($X), with a combined 57% share of total imports.

Romania, with a CAGR of +31.9%, saw the highest rates of growth with regard to 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 wire and cable import price stood at $X per ton in 2021, rising by 12% against the previous year. In general, the import price saw a relatively flat trend pattern. The import price peaked at $X per ton in 2018; however, from 2019 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 Slovakia ($X per ton), while the price for Croatia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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