Austria: Machine-Tool For Drilling Market 2025

Machine-Tool For Drilling Market Size in Austria

In 2022, the Austrian machine-tool for drilling market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption, however, recorded a perceptible descent. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Machine-Tool For Drilling Production in Austria

In value terms, machine-tool for drilling production reduced dramatically to $X in 2022 estimated in export price. Overall, production posted prominent growth. The most prominent rate of growth was recorded in 2021 when the production volume increased by 81% against the previous year. As a result, production attained the peak level of $X, and then reduced notably in the following year.

Machine-Tool For Drilling Exports

Exports from Austria

After two years of growth, overseas shipments of machine-tools for drilling, boring or milling metal decreased by -8.9% to X units in 2022. Over the period under review, exports, however, saw a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 68%. As a result, the exports attained the peak of X units, and then fell in the following year.

In value terms, machine-tool for drilling exports declined markedly to $X in 2022. Overall, exports showed a abrupt contraction. The growth pace was the most rapid in 2021 when exports increased by 61% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands (X units), Germany (X units) and Poland (X units) were the main destinations of machine-tool for drilling exports from Austria, together accounting for 70% of total exports. France, the Czech Republic, Spain, Slovenia, Hungary and Bosnia and Herzegovina lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +113.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) emerged as the key foreign market for machine-tools for drilling, boring or milling metal exports from Austria, comprising 29% of total exports. The second position in the ranking was held by Poland ($X), with a 5.3% share of total exports. It was followed by the Netherlands, with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled -7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+2.8% per year) and the Netherlands (+5.3% per year).

Export Prices by Country

The average machine-tool for drilling export price stood at $X per unit in 2022, with a decrease of -42.5% against the previous year. Overall, the export price saw a drastic downturn. The most prominent rate of growth was recorded in 2013 when the average export price increased by 1.3% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per unit), while the average price for exports to France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.

Machine-Tool For Drilling Imports

Imports into Austria

In 2022, machine-tool for drilling imports into Austria declined notably to X units, shrinking by -25.4% compared with the previous year. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 32%. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, machine-tool for drilling imports dropped sharply to $X in 2022. Over the period under review, imports continue to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 92%. As a result, imports reached the peak of $X, and then contracted remarkably in the following year.

Imports by Country

In 2022, China (X units) constituted the largest machine-tool for drilling supplier to Austria, accounting for a 61% share of total imports. Moreover, machine-tool for drilling imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The third position in this ranking was held by Hungary (X units), with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+14.7% per year) and Hungary (+88.7% per year).

In value terms, Germany ($X) constituted the largest supplier of machine-tools for drilling, boring or milling metal to Austria, comprising 70% of total imports. The second position in the ranking was taken by China ($X), with an 18% share of total imports. It was followed by Italy, with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.8% per year) and Italy (-10.4% per year).

Import Prices by Country

The average machine-tool for drilling import price stood at $X per unit in 2022, which is down by -10.8% against the previous year. In general, the import price continues to indicate a mild descent. The pace of growth was the most pronounced in 2021 an increase of 47% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Germany ($X per unit), while the price for Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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