Austria: Insulating Board Market 2024

Insulating Board Market Size in Austria

In 2022, after two years of growth, there was decline in the Austrian insulating board market, when its value decreased by -4.9% to $X. In general, consumption saw a perceptible setback. Insulating board consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Insulating Board Production in Austria

In value terms, insulating board production fell modestly to $X in 2022 estimated in export price. In general, production, however, saw a significant decline. The most prominent rate of growth was recorded in 2017 when the production volume increased by 49%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Insulating Board Exports

Exports from Austria

In 2022, shipments abroad of insulating board decreased by -11.5% to X cubic meters, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 when exports increased by 555%. As a result, the exports reached the peak of X cubic meters. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, insulating board exports soared to $X in 2022. In general, exports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2013 when exports increased by 237%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Romania (X cubic meters), Poland (X cubic meters) and Slovakia (X cubic meters) were the main destinations of insulating board exports from Austria, together comprising 65% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +66.6%), while the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Germany ($X) and Slovakia ($X) constituted the largest markets for insulating board exported from Austria worldwide, with a combined 64% share of total exports. Poland, the Czech Republic, Slovenia, Italy, Switzerland and Hungary lagged somewhat behind, together accounting for a further 31%.

In terms of the main countries of destination, Poland, with a CAGR of +61.0%, recorded the highest rates of growth with regard to 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 insulating board export price stood at $X per cubic meter in 2022, with an increase of 30% against the previous year. In general, the export price, however, recorded a pronounced contraction. Over the period under review, the average export prices hit record highs at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per cubic meter), while the average price for exports to Poland ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Insulating Board Imports

Imports into Austria

After three years of growth, purchases abroad of insulating board decreased by -16% to X cubic meters in 2022. Overall, total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when imports increased by 48%. Imports peaked at X cubic meters in 2021, and then contracted notably in the following year.

In value terms, insulating board imports dropped to $X in 2022. In general, imports, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2013 with an increase of 77% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, Germany (X cubic meters) constituted the largest insulating board supplier to Austria, accounting for a 79% share of total imports. Moreover, insulating board imports from Germany exceeded the figures recorded by the second-largest supplier, France (X cubic meters), more than tenfold. Poland (X cubic meters) ranked third in terms of total imports with a 5.6% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+56.4% per year) and Poland (+12.8% per year).

In value terms, Germany ($X) constituted the largest supplier of insulating board to Austria, comprising 76% of total imports. The second position in the ranking was held by Poland ($X), with a 5.7% share of total imports. It was followed by Italy, with a 5.5% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+19.7% per year) and Italy (+24.4% per year).

Import Prices by Country

In 2022, the average insulating board import price amounted to $X per cubic meter, picking up by 12% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 23%. The import price peaked at $X per cubic meter in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per cubic meter), while the price for France ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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