Austria: Steel Plaited Band Market 2025

Steel Plaited Band Market Size in Austria

The Austrian steel plaited band market rose significantly to $X in 2022, with an increase of 8% against the previous year. The market value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Steel plaited band consumption peaked in 2022 and is likely to continue growth in the near future.

Steel Plaited Band Production in Austria

In value terms, steel plaited band production shrank to $X in 2022 estimated in export price. Over the period under review, production saw a mild setback. The pace of growth appeared the most rapid in 2014 with an increase of 62%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Steel Plaited Band Exports

Exports from Austria

In 2022, overseas shipments of iron or steel plaited bands and slings increased by 6.8% to X tons, rising for the second year in a row after five years of decline. Over the period under review, exports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 when exports increased by 60%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, steel plaited band exports expanded significantly to $X in 2022. Overall, exports, however, recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 56% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons), France (X tons) and Italy (X tons) were the main destinations of steel plaited band exports from Austria, together accounting for 35% of total exports. The Netherlands, Brazil, Poland, the Czech Republic, Slovakia, the United States, Romania, Hungary, Canada and Turkey lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of +16.1%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Italy ($X) constituted the largest markets for steel plaited band exported from Austria worldwide, together comprising 39% of total exports.

France, with a CAGR of +9.9%, recorded the highest growth rate of the value of exports, among 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 steel plaited band export price stood at $X per ton in 2022, almost unchanged from the previous year. Overall, export price indicated a buoyant increase from 2012 to 2022: its price 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, steel plaited band export price decreased by -3.4% against 2020 indices. The pace of growth was the most pronounced in 2018 an increase of 43% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Romania ($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 the United States (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Steel Plaited Band Imports

Imports into Austria

In 2022, overseas purchases of iron or steel plaited bands and slings increased by 5.8% to X tons, rising for the third consecutive year after two years of decline. Overall, imports, however, saw a perceptible downturn. The growth pace was the most rapid in 2021 when imports increased by 41% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, steel plaited band imports skyrocketed to $X in 2022. In general, total imports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +80.3% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 28%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X tons), Italy (X tons) and China (X tons) were the main suppliers of steel plaited band imports to Austria, with a combined 87% share of total imports. India and the Netherlands lagged somewhat behind, together accounting for a further 7.6%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +69.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of iron or steel plaited bands and slings to Austria, comprising 45% of total imports. The second position in the ranking was held by China ($X), with a 21% share of total imports. It was followed by Italy, with a 19% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to -1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+20.0% per year) and Italy (+6.2% per year).

Import Prices by Country

In 2022, the average steel plaited band import price amounted to $X per ton, with an increase of 19% against the previous year. Over the last decade, it increased at an average annual rate of +4.3%. The pace of growth was the most pronounced in 2014 an increase of 21% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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