Austria: Iron Oxide Pigment Market 2024

Iron Oxide Pigment Market Size in Austria

In 2021, the Austrian iron oxide pigment market decreased by -0.4% to $X, falling for the second consecutive year after two years of growth. Overall, consumption, however, posted a resilient expansion. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Iron Oxide Pigment Production in Austria

In value terms, iron oxide pigment production totaled $X in 2021 estimated in export price. Over the period under review, the total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -2.1% against 2019 indices. The pace of growth appeared the most rapid in 2014 with an increase of 53%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Iron Oxide Pigment Exports

Exports from Austria

In 2021, shipments abroad of iron oxide pigments increased by 6.3% to X tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +4.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 22%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, iron oxide pigment exports soared to $X in 2021. In general, exports posted a tangible expansion. The growth pace was the most rapid in 2014 with an increase of 249% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X tons), Germany (X tons) and Poland (X tons) were the main destinations of iron oxide pigment exports from Austria, together comprising 66% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +20.1%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Poland ($X) constituted the largest markets for iron oxide pigment exported from Austria worldwide, together accounting for 66% of total exports.

In terms of the main countries of destination, Germany, with a CAGR of +14.3%, saw 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 iron oxide pigment export price stood at $X per ton in 2021, increasing by 11% against the previous year. Over the period under review, the export price, however, showed a pronounced downturn. The growth pace was the most rapid in 2014 an increase of 243%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Italy ($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 China (-2.3%), while the prices for the other major destinations experienced a decline.

Iron Oxide Pigment Imports

Imports into Austria

Iron oxide pigment imports into Austria rose rapidly to X tons in 2021, surging by 12% on the previous year's figure. The total import volume increased at an average annual rate of +3.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2014 when imports increased by 20%. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in the near future.

In value terms, iron oxide pigment imports surged to $X in 2021. The total import value increased at an average annual rate of +3.9% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 25% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, Germany (X tons) constituted the largest iron oxide pigment supplier to Austria, with a 72% share of total imports. Moreover, iron oxide pigment imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), sevenfold. The third position in this ranking was held by Spain (X tons), with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+8.3% per year) and Spain (+9.4% per year).

In value terms, Germany ($X) constituted the largest supplier of iron oxide pigments to Austria, comprising 63% of total imports. The second position in the ranking was held by Italy ($X), with an 18% share of total imports. It was followed by China, with an 8.3% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+8.5% per year) and China (+27.3% per year).

Import Prices by Country

The average iron oxide pigment import price stood at $X per ton in 2021, with an increase of 10% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by 20%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+0.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :