Austria: Public Works Machinery Market 2024

Public Works Machinery Market Size in Austria

The Austrian public works machinery market rose significantly to $X in 2021, increasing by 13% 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 continues to indicate a measured expansion. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Public Works Machinery Exports

Exports from Austria

In 2021, the amount of machinery for public works and building exported from Austria shrank rapidly to X units, waning by -17.6% on 2020. In general, exports showed a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of 26% against the previous year. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, public works machinery exports contracted remarkably to $X in 2021. Overall, exports recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 59%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), the United Arab Emirates (X units) and Switzerland (X units) were the main destinations of public works machinery exports from Austria, together comprising 34% of total exports. Denmark, Romania, Ukraine, the Netherlands, Iraq, Spain, Hungary, Malaysia, Belgium and Serbia lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ukraine (with a CAGR of +18.9%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for machinery for public works and building exports from Austria, comprising 40% of total exports. The second position in the ranking was held by Romania ($X), with a 6.7% share of total exports. It was followed by Hungary, with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+11.4% per year) and Hungary (-0.7% per year).

Export Prices by Country

The average public works machinery export price stood at $X per unit in 2021, which is down by -15.7% against the previous year. Overall, the export price, however, recorded a strong expansion. The pace of growth was the most pronounced in 2015 an increase of 46%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2020, and then fell rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to the United Arab Emirates ($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 Denmark (+22.6%), while the prices for the other major destinations experienced more modest paces of growth.

Public Works Machinery Imports

Imports into Austria

Public works machinery imports into Austria was estimated at X units in 2021, flattening at 2020. In general, imports, however, continue to indicate a slight decline. The pace of growth appeared the most rapid in 2017 when imports increased by 41%. As a result, imports reached the peak of X units. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, public works machinery imports surged to $X in 2021. Over the period under review, imports showed a perceptible increase. The pace of growth appeared the most rapid in 2017 when imports increased by 118%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of public works machinery to Austria, accounting for a 73% share of total imports. Moreover, public works machinery imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), sevenfold. The third position in this ranking was held by Italy (X units), with a 4.6% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to -1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.3% per year) and Italy (+1.3% per year).

In value terms, Germany ($X) constituted the largest supplier of machinery for public works and building to Austria, comprising 88% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 2.6% share of total imports. It was followed by Italy, with a 0.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+24.3% per year) and Italy (-0.7% per year).

Import Prices by Country

The average public works machinery import price stood at $X per unit in 2021, rising by 14% against the previous year. Overall, import price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, public works machinery import price increased by +135.4% against 2016 indices. The pace of growth appeared the most rapid in 2017 an increase of 55%. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in the near future.

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 Germany ($X per unit), while the price for China ($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 (+26.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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