Austria: Grinding Machine Market 2024

Grinding Machine Market Size in Austria

The Austrian grinding machine market shrank to $X in 2021, declining by -11.7% against the previous year. Over the period under review, consumption, however, showed a resilient increase. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Grinding Machine Production in Austria

In value terms, grinding machine production declined to $X in 2021 estimated in export price. Over the period under review, production showed prominent growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 45%. Grinding machine production peaked at $X in 2020, and then shrank slightly in the following year.

Grinding Machine Exports

Exports from Austria

Grinding machine exports from Austria skyrocketed to X units in 2021, increasing by 17% on 2020. Over the period under review, exports recorded a resilient increase. The pace of growth appeared the most rapid in 2018 when exports increased by 31% against the previous year. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, grinding machine exports soared to $X in 2021. In general, exports showed prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 34%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Germany (X units) was the main destination for grinding machine exports from Austria, accounting for a 22% share of total exports. Moreover, grinding machine exports to Germany exceeded the volume sent to the second major destination, the United States (X units), threefold. The UK (X units) ranked third in terms of total exports with an 8% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+10.3% per year) and the UK (+3.2% per year).

In value terms, Germany ($X) remains the key foreign market for machines having individual functions, for mixing, kneading, crushing or grinding exports from Austria, comprising 19% of total exports. The second position in the ranking was held by the United States ($X), with a 9.2% share of total exports. It was followed by the UK, with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to +5.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+10.8% per year) and the UK (+5.5% per year).

Export Prices by Country

The average grinding machine export price stood at $X per unit in 2021, surging by 5.9% against the previous year. Over the last nine years, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2017 when the average export price increased by 9.4%. The export price peaked in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was France ($X per unit), while the average price for exports to Sweden ($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 France (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

Grinding Machine Imports

Imports into Austria

In 2021, overseas purchases of machines having individual functions, for mixing, kneading, crushing or grinding were finally on the rise to reach X units after two years of decline. In general, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, grinding machine imports expanded notably to $X in 2021. The total import value increased at an average annual rate of +4.0% over the period 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 2017 with an increase of 39%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Slovenia (X units), Germany (X units) and Poland (X units) were the main suppliers of grinding machine imports to Austria, together accounting for 85% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovenia (with a CAGR of +70.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of machines having individual functions, for mixing, kneading, crushing or grinding to Austria, comprising 49% of total imports. The second position in the ranking was taken by Slovenia ($X), with a 24% share of total imports. It was followed by Switzerland, with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+59.4% per year) and Switzerland (+2.0% per year).

Import Prices by Country

The average grinding machine import price stood at $X per unit in 2021, which is down by -14.9% against the previous year. Overall, the import price recorded a perceptible decrease. The most prominent rate of growth was recorded in 2019 when the average import price increased by 21%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Switzerland ($X per unit), while the price for Poland ($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 UK (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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