Austria: Market for Machines For Balancing Mechanical Parts 2024

Market Size for Machines For Balancing Mechanical Parts in Austria

In 2021, the Austrian balancing mechanical parts machine market increased by 24% to $X for the first time since 2016, thus ending a four-year declining trend. Over the period under review, consumption showed a remarkable increase. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Production of Machines For Balancing Mechanical Parts in Austria

In value terms, balancing mechanical parts machine production soared to $X in 2021 estimated in export price. In general, production recorded a prominent increase. The pace of growth appeared the most rapid in 2013 with an increase of 157% against the previous year. Balancing mechanical parts machine production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Exports of Machines For Balancing Mechanical Parts

Exports from Austria

In 2021, approx. X units of machines for balancing mechanical parts were exported from Austria; increasing by 17% against the previous year. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 70% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, balancing mechanical parts machine exports skyrocketed to $X in 2021. In general, exports showed a notable expansion. The pace of growth was the most pronounced in 2020 with an increase of 66% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

France (X units), Germany (X units) and Italy (X units) were the main destinations of balancing mechanical parts machine exports from Austria, together accounting for 76% of total exports.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +118.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Slovakia ($X) constituted the largest markets for balancing mechanical parts machine exported from Austria worldwide, with a combined 73% share of total exports.

France, with a CAGR of +98.1%, recorded the highest growth rate of the value of exports, among 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

In 2021, the average balancing mechanical parts machine export price amounted to $X per unit, jumping by 19% against the previous year. In general, export price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, balancing mechanical parts machine export price increased by +27.0% against 2019 indices. The pace of growth was the most pronounced in 2013 an increase of 31% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Croatia ($X per unit), while the average price for exports to Thailand ($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 Slovakia (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines For Balancing Mechanical Parts

Imports into Austria

In 2021, after two years of growth, there was decline in overseas purchases of machines for balancing mechanical parts, when their volume decreased by -1.6% to X units. Over the period under review, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +5.4% 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 +64.7% against 2014 indices. The growth pace was the most rapid in 2015 when imports increased by 37%. Over the period under review, imports reached the peak figure at X units in 2020, and then contracted modestly in the following year.

In value terms, balancing mechanical parts machine imports rose notably to $X in 2021. In general, total imports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +29.7% against 2018 indices. The pace of growth was the most pronounced in 2013 with an increase of 77%. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), China (X units) and Italy (X units) were the main suppliers of balancing mechanical parts machine imports to Austria, with a combined 95% share of total imports. Poland and Slovakia lagged somewhat behind, together accounting for a further 1.9%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +4,485.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest balancing mechanical parts machine suppliers to Austria were Germany ($X), China ($X) and Italy ($X), together accounting for 95% of total imports. These countries were followed by Poland and Slovakia, which together accounted for a further 2.4%.

Among the main suppliers, Poland, with a CAGR of +8,833.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average balancing mechanical parts machine import price stood at $X per unit in 2021, increasing by 9.6% against the previous year. Over the period under review, the import price, however, recorded a mild descent. The most prominent rate of growth was recorded in 2013 when the average import price increased by 31%. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were Slovakia ($X per unit) and Poland ($X per unit), while the price for Italy ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+87.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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