Austria: Electrical Insulating Fittings Market 2024

Electrical Insulating Fittings Market Size in Austria

In 2022, the Austrian electrical insulating fittings market decreased by -4.9% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption, however, saw a noticeable descent. Electrical insulating fittings consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Electrical Insulating Fittings Production in Austria

In value terms, electrical insulating fittings production dropped modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the production volume increased by 23%. Electrical insulating fittings production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Electrical Insulating Fittings Exports

Exports from Austria

Electrical insulating fittings exports from Austria stood at X tons in 2022, with an increase of 1.5% on the previous year. In general, total exports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +23.6% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of 25% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, electrical insulating fittings exports fell slightly to $X in 2022. Overall, total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +22.0% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of 26%. The exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

Romania (X tons), Germany (X tons) and Hungary (X tons) were the main destinations of electrical insulating fittings exports from Austria, with a combined 52% share of total exports. Serbia, Italy, China, Mexico, Tunisia, Morocco, Poland, the Czech Republic, Spain and the United States lagged somewhat behind, together comprising a further 39%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +46.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Romania ($X) and Hungary ($X) appeared to be the largest markets for electrical insulating fittings exported from Austria worldwide, with a combined 49% share of total exports. China, Serbia, Mexico, Tunisia, Morocco, the United States, Italy, the Czech Republic, Poland and Spain lagged somewhat behind, together comprising a further 41%.

Italy, with a CAGR of +28.0%, recorded the highest growth rate of the value of exports, in terms of 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

The average electrical insulating fittings export price stood at $X per ton in 2022, dropping by -1.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2018 when the average export price increased by 27% against the previous year. The export price peaked at $X per ton in 2021, and then fell in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Insulating Fittings Imports

Imports into Austria

In 2022, electrical insulating fittings imports into Austria surged to X tons, with an increase of 38% on the year before. In general, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 61% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, electrical insulating fittings imports expanded significantly to $X in 2022. Over the period under review, imports saw strong growth. The pace of growth was the most pronounced in 2017 when imports increased by 57%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Hungary (X tons) constituted the largest supplier of electrical insulating fittings to Austria, accounting for a 56% share of total imports. Moreover, electrical insulating fittings imports from Hungary exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The Czech Republic (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from Hungary stood at +61.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.1% per year) and the Czech Republic (+6.9% per year).

In value terms, Hungary ($X), Germany ($X) and the Czech Republic ($X) appeared to be the largest electrical insulating fittings suppliers to Austria, with a combined 79% share of total imports. South Korea, the Netherlands, Italy, Spain and the United States lagged somewhat behind, together accounting for a further 11%.

In terms of the main suppliers, South Korea, with a CAGR of +59.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average electrical insulating fittings import price stood at $X per ton in 2022, shrinking by -19.8% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 27%. As a result, import price reached the peak level of $X per ton, and then declined dramatically in the following year.

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 the United States ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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