Austria: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in Austria

The Austrian lathe for removing metal market stood at $X in 2021, remaining constant against the previous year. Overall, consumption posted a resilient increase. Lathe for removing metal consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Lathes For Removing Metal in Austria

In value terms, lathe for removing metal production skyrocketed to $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 48% against the previous year. Lathe for removing metal production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Exports of Lathes For Removing Metal

Exports from Austria

In 2021, shipments abroad of lathes for removing metal increased by 9% to X units, rising for the second year in a row after two years of decline. Overall, exports showed a resilient increase. The most prominent rate of growth was recorded in 2020 when exports increased by 275%. Over the period under review, the lafor removing metal exports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, lathe for removing metal exports fell modestly to $X in 2021. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 33%. Over the period under review, the lafor removing metal exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X units) was the main destination for lathe for removing metal exports from Austria, with a 40% share of total exports. Moreover, lathe for removing metal exports to Germany exceeded the volume sent to the second major destination, the Czech Republic (X units), threefold. China (X units) ranked third in terms of total exports with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to +29.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+53.5% per year) and China (+48.1% per year).

In value terms, the largest markets for lathe for removing metal exported from Austria were China ($X), Germany ($X) and the United States ($X), together accounting for 64% of total exports. Russia, Italy, the Czech Republic, Poland, Hungary, Slovenia and Egypt lagged somewhat behind, together comprising a further 21%.

Egypt, with a CAGR of +46.9%, saw the highest rates of growth with regard to 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 lathe for removing metal export price stood at $X per unit in 2021, reducing by -11% against the previous year. In general, the export price continues to indicate a deep reduction. The growth pace was the most rapid in 2018 when the average export price increased by 64% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+129.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Lathes For Removing Metal

Imports into Austria

In 2021, supplies from abroad of lathes for removing metal increased by 10% to X units, rising for the third year in a row after two years of decline. In general, imports saw a prominent expansion. The pace of growth was the most pronounced in 2020 when imports increased by 319% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, lathe for removing metal imports reduced to $X in 2021. The total import value increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 35%. Over the period under review, lafor removing metal imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest lathe for removing metal supplier to Austria, with a 59% share of total imports. Moreover, lathe for removing metal imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The third position in this ranking was taken by Italy (X units), with a 3.1% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +32.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+21.6% per year) and Italy (+29.2% per year).

In value terms, Germany ($X) constituted the largest supplier of lathes for removing metal to Austria, comprising 49% of total imports. The second position in the ranking was taken by Italy ($X), with a 19% share of total imports. It was followed by China, with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+17.9% per year) and China (+0.1% per year).

Import Prices by Country

The average lathe for removing metal import price stood at $X per unit in 2021, reducing by -10.7% against the previous year. Overall, the import price continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2015 an increase of 26% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Serbia (+273.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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