Austria: Market for Machine-Tools For Working Wood 2024

Market Size for Machine-Tools For Working Wood in Austria

The Austrian machine-tool for working wood market surged to $X in 2021, rising by 45% against the previous year. In general, consumption continues to indicate a remarkable increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Machine-Tools For Working Wood in Austria

In value terms, machine-tool for working wood production amounted to $X in 2021 estimated in export price. In general, production, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2016 when the production volume increased by 24%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Exports of Machine-Tools For Working Wood

Exports from Austria

In 2021, approx. X tons of machine-tools for working wood were exported from Austria; picking up by 11% against the previous year's figure. The total export volume increased at an average annual rate of +4.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 17% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, machine-tool for working wood exports soared to $X in 2021. The total export value increased at an average annual rate of +5.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for machine-tool for working wood exports from Austria, accounting for a 33% share of total exports. Moreover, machine-tool for working wood exports to Germany exceeded the volume sent to the second major destination, Poland (X tons), fourfold. Italy (X tons) ranked third in terms of total exports with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at +3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+10.7% per year) and Italy (+19.6% per year).

In value terms, Germany ($X) remains the key foreign market for machine-tools for working wood exports from Austria, comprising 32% of total exports. The second position in the ranking was taken by Poland ($X), with an 8.2% share of total exports. It was followed by Italy, with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+8.9% per year) and Italy (+19.1% per year).

Export Prices by Country

The average machine-tool for working wood export price stood at $X per ton in 2021, increasing by 15% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Romania ($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 Ukraine (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Wood

Imports into Austria

Machine-tool for working wood imports into Austria dropped to X tons in 2021, waning by -3.7% on the year before. Overall, imports, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2020 with an increase of 49% against the previous year. As a result, imports reached the peak of X tons, and then dropped slightly in the following year.

In value terms, machine-tool for working wood imports expanded markedly to $X in 2021. In general, total imports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +4.4% 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 increased by +57.8% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 42% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

China (X tons), Germany (X tons) and Slovenia (X tons) were the main suppliers of machine-tool for working wood imports to Austria, with a combined 84% share of total imports. Italy, the Czech Republic, Slovakia, San Marino, Taiwan (Chinese), Bulgaria and Switzerland lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2021, the biggest increases were recorded for Slovakia (with a CAGR of +21.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of machine-tools for working wood to Austria, comprising 50% of total imports. The second position in the ranking was held by China ($X), with a 20% share of total imports. It was followed by Slovenia, with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+8.1% per year) and Slovenia (+19.1% per year).

Import Prices by Country

In 2021, the average machine-tool for working wood import price amounted to $X per ton, increasing by 16% against the previous year. In general, the import price, however, continues to indicate a perceptible contraction. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 San Marino ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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