Austria: Market for Machine Tools For Working Metal 2024

Market Size for Machine Tools For Working Metal in Austria

In 2021, the Austrian machine-tool for working metal market decreased by -96.7% to $X, falling for the third year in a row after five years of growth. Over the period under review, consumption continues to indicate a sharp slump. Machine-tool for working metal consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Machine Tools For Working Metal in Austria

In value terms, machine-tool for working metal production fell remarkably to $X in 2021 estimated in export price. In general, production saw a perceptible decrease. The pace of growth appeared the most rapid in 2020 when the production volume increased by 48%. Machine-tool for working metal production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Machine Tools For Working Metal

Exports from Austria

In 2021, approx. X units of machine tools for working metal were exported from Austria; picking up by 9.8% against the previous year's figure. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 199%. Over the period under review, the exports reached the peak figure at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, machine-tool for working metal exports rose sharply to $X in 2021. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 23% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for machine-tool for working metal exports from Austria, with a 26% share of total exports. Moreover, machine-tool for working metal exports to the United States exceeded the volume sent to the second major destination, China (X units), threefold. The third position in this ranking was held by Germany (X units), with an 8.5% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+1.8% per year) and Germany (-7.4% per year).

In value terms, the largest markets for machine-tool for working metal exported from Austria were the United States ($X), Germany ($X) and China ($X), with a combined 44% share of total exports. These countries were followed by Italy, India, France, Poland, the Czech Republic, South Korea, Canada, Sweden, Russia and Spain, which together accounted for a further 34%.

India, with a CAGR of +20.7%, saw the highest growth rate of the value of exports, in terms of 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 machine-tool for working metal export price stood at $X per unit in 2021, therefore, remained relatively stable against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average export price increased by 115%. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Italy ($X per unit), while the average price for exports to the Czech Republic ($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 India (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine Tools For Working Metal

Imports into Austria

In 2021, purchases abroad of machine tools for working metal increased by 25% to X units, rising for the third consecutive year after four years of decline. In general, imports saw a noticeable increase. The growth pace was the most rapid in 2019 when imports increased by 115% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, machine-tool for working metal imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -19.7% against 2018 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 42% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest machine-tool for working metal supplier to Austria, accounting for a 45% share of total imports. Moreover, machine-tool for working metal imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was held by Italy (X units), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+3.2% per year) and Italy (-0.4% per year).

In value terms, Germany ($X) constituted the largest supplier of machine tools for working metal to Austria, comprising 56% of total imports. The second position in the ranking was taken by Italy ($X), with an 11% share of total imports. It was followed by Switzerland, with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-0.7% per year) and Switzerland (+10.8% per year).

Import Prices by Country

In 2021, the average machine-tool for working metal import price amounted to $X per unit, growing by 3.8% against the previous year. Overall, the import price posted slight growth. The most prominent rate of growth was recorded in 2016 an increase of 88% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Switzerland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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