Austria: Metal Letter Clip Market 2024

Metal Letter Clip Market Size in Austria

The Austrian metal letter clip market contracted modestly to $X in 2022, which is down by -4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, showed a remarkable increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Metal Letter Clip Exports

Exports from Austria

In 2022, exports of letter clips, letter corners of base metal from Austria fell modestly to X tons, reducing by -4.3% on 2021. Over the period under review, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of 51%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, metal letter clip exports reached $X in 2022. Overall, exports recorded a abrupt descent. The pace of growth was the most pronounced in 2017 with an increase of 43%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for metal letter clip exports from Austria, accounting for a 47% share of total exports. Moreover, metal letter clip exports to the United Arab Emirates exceeded the volume sent to the second major destination, Saudi Arabia (X tons), threefold. The third position in this ranking was held by Bahrain (X tons), with a 7.1% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates amounted to +5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-9.3% per year) and Bahrain (-11.9% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for letter clips, letter corners of base metal exports from Austria, comprising 35% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 13% share of total exports. It was followed by Bahrain, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates totaled +8.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-6.6% per year) and Bahrain (-6.5% per year).

Export Prices by Country

In 2022, the average metal letter clip export price amounted to $X per ton, surging by 13% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average export price increased by 43% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

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 Germany ($X per ton), while the average price for exports to Oman ($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 Germany (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Letter Clip Imports

Imports into Austria

Metal letter clip imports into Austria contracted to X tons in 2022, waning by -7.3% on the previous year. Over the period under review, imports, however, continue to indicate a moderate increase. The pace of growth was the most pronounced in 2017 with an increase of 161% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, metal letter clip imports reached $X in 2022. In general, total imports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.5% 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 +18.1% against 2020 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 25%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of metal letter clip to Austria, with a 67% share of total imports. Moreover, metal letter clip imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold. France (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to +9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-9.7% per year) and France (+27.2% per year).

In value terms, Germany ($X) constituted the largest supplier of letter clips, letter corners of base metal to Austria, comprising 81% of total imports. The second position in the ranking was taken by China ($X), with a 6% share of total imports. It was followed by Slovakia, with a 2.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-11.7% per year) and Slovakia (+68.7% per year).

Import Prices by Country

In 2022, the average metal letter clip import price amounted to $X per ton, rising by 9.5% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 108%. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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