Austria: Working Wire Machine Market 2024

Working Wire Machine Market Size in Austria

The Austrian working wire machine market fell sharply to $X in 2021, which is down by -18.6% against the previous year. Overall, consumption, however, continues to indicate a pronounced expansion. As a result, consumption attained the peak level of $X, and then contracted sharply in the following year.

Working Wire Machine Production in Austria

In value terms, working wire machine production declined markedly to $X in 2021 estimated in export price. Overall, the total production indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +43.2% against 2014 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 56%. As a result, production attained the peak level of $X, and then shrank notably in the following year.

Working Wire Machine Exports

Exports from Austria

In 2021, overseas shipments of machines for working wire were finally on the rise to reach X units after two years of decline. Overall, exports, however, saw a slight setback. The most prominent rate of growth was recorded in 2014 with an increase of 92% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, working wire machine exports soared to $X in 2021. In general, total exports indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Switzerland (X units), Germany (X units) and Canada (X units) were the main destinations of working wire machine exports from Austria, together accounting for 57% of total exports. These countries were followed by the Czech Republic, the UK, Russia, France and Saudi Arabia, which together accounted for a further 26%.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +52.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for working wire machine exported from Austria were Germany ($X), Switzerland ($X) and the UK ($X), together comprising 56% of total exports. Canada, Russia, the Czech Republic, Saudi Arabia and France lagged somewhat behind, together comprising a further 22%.

The Czech Republic, with a CAGR of +92.9%, 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 working wire machine export price amounted to $X per unit, with a decrease of -6.4% against the previous year. Over the period under review, the export price, however, saw resilient growth. The pace of growth was the most pronounced in 2020 when the average export price increased by 140%. As a result, the export price reached the peak level of $X per unit, and then shrank in the following year.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to France ($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 Singapore (+21.9%), while the prices for the other major destinations experienced more modest paces of growth.

Working Wire Machine Imports

Imports into Austria

In 2021, supplies from abroad of machines for working wire was finally on the rise to reach X units after two years of decline. In general, imports recorded a mild increase. The most prominent rate of growth was recorded in 2014 when imports increased by 73%. Imports peaked at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, working wire machine imports soared to $X in 2021. Over the period under review, imports saw mild growth. The pace of growth was the most pronounced in 2018 with an increase of 60%. 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, Croatia (X units) constituted the largest working wire machine supplier to Austria, accounting for a 62% share of total imports. Moreover, working wire machine imports from Croatia exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The third position in this ranking was held by Italy (X units), with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Croatia totaled +24.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-5.4% per year) and Italy (-16.4% per year).

In value terms, Croatia ($X) constituted the largest supplier of machines for working wire to Austria, comprising 64% of total imports. The second position in the ranking was held by Germany ($X), with a 29% share of total imports. It was followed by Switzerland, with a 4.6% share.

From 2012 to 2021, the average annual growth rate of value from Croatia totaled +13.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.9% per year) and Switzerland (+42.6% per year).

Import Prices by Country

In 2021, the average working wire machine import price amounted to $X per unit, waning by -5.2% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by 26% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2016; however, from 2017 to 2021, 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 Switzerland ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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