Austria: Market for Machinery for Liquefying Air or Gases 2024

Market Size for Machinery for Liquefying Air or Gases in Austria

The Austrian air or gas liquefier market contracted slightly to $X in 2022, dropping by -3.5% against the previous year. Over the period under review, the total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +7.2% against 2020 indices. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Machinery for Liquefying Air or Gases in Austria

In value terms, air or gas liquefier production reduced modestly to $X in 2022 estimated in export price. Overall, the total production indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +3.2% against 2020 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by 30%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Exports of Machinery for Liquefying Air or Gases

Exports from Austria

In 2022, shipments abroad of machinery for liquefying air or gases decreased by -50% to X units, falling for the second year in a row after two years of growth. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by 300% against the previous year. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, air or gas liquefier exports contracted rapidly to $X in 2022. In general, exports showed a abrupt decrease. The growth pace was the most rapid in 2014 with an increase of 581% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The Netherlands (X units) was the main destination for air or gas liquefier exports from Austria, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands was relatively modest.

In value terms, Germany ($X) remains the key foreign market for machinery for liquefying air or gases exports from Austria, comprising 61% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 0.1% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Germany stood at -18.1%.

Export Prices by Country

In 2022, the average air or gas liquefier export price amounted to $X per unit, falling by -76.7% against the previous year. In general, the export price faced a deep contraction. The pace of growth appeared the most rapid in 2014 when the average export price increased by 1,363% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices stood 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 unit), while the average price for exports to the Netherlands stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+435.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machinery for Liquefying Air or Gases

Imports into Austria

In 2022, after five years of growth, there was significant decline in overseas purchases of machinery for liquefying air or gases, when their volume decreased by -33.3% to X units. In general, imports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 150%. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, air or gas liquefier imports reduced notably to $X in 2022. Overall, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2014 when imports increased by 2,129% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Russia (X units) and Croatia (X units) were the main suppliers of air or gas liquefier imports to Austria.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of 0.0%).

In value terms, Germany ($X) constituted the largest supplier of machinery for liquefying air or gases to Austria, comprising 65% of total imports. The second position in the ranking was held by Italy ($X), with a 17% share of total imports. It was followed by the Netherlands, with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at -7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+38.3% per year) and the Netherlands (-2.7% per year).

Import Prices by Country

The average air or gas liquefier import price stood at $X per unit in 2022, dropping by -20.7% against the previous year. In general, the import price continues to indicate a deep contraction. The growth pace was the most rapid in 2014 an increase of 879%. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+18.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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