Austria: Market for Rubber-to-Metal and Moulded Articles 2024

Market Size for Rubber-to-Metal and Moulded Articles in Austria

In 2021, after two years of decline, there was significant growth in the Austrian rubber-to-metal and moulded article market, when its value increased by 6.6% to $X. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Production of Rubber-to-Metal and Moulded Articles in Austria

In value terms, rubber-to-metal and moulded article production expanded markedly to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 13% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Rubber-to-Metal and Moulded Articles

Exports from Austria

In 2021, the amount of rubber-to-metal and moulded articles exported from Austria expanded rapidly to X tons, surging by 6.5% against the previous year. The total export volume increased at an average annual rate of +1.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 39%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, rubber-to-metal and moulded article exports totaled $X in 2021. The total export value increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 15% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for rubber-to-metal and moulded article exports from Austria, accounting for a 49% share of total exports. Moreover, rubber-to-metal and moulded article exports to Germany exceeded the volume sent to the second major destination, the UK (X tons), sixfold. The third position in this ranking was held by Switzerland (X tons), with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to +4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+6.6% per year) and Switzerland (-0.2% per year).

In value terms, Germany ($X) remains the key foreign market for rubber-to-metal and moulded articles exports from Austria, comprising 42% of total exports. The second position in the ranking was taken by Switzerland ($X), with a 4.9% share of total exports. It was followed by the United States, with a 4.7% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled +5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (-0.8% per year) and the United States (+3.9% per year).

Export Prices by Country

The average rubber-to-metal and moulded article export price stood at $X per ton in 2021, picking up by 5.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 37% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rubber-to-Metal and Moulded Articles

Imports into Austria

In 2021, approx. X tons of rubber-to-metal and moulded articles were imported into Austria; picking up by 5% against the previous year's figure. The total import volume increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by 23% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, rubber-to-metal and moulded article imports expanded notably to $X in 2021. The total import value increased at an average annual rate of +2.6% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 18% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

Germany (X tons), Turkey (X tons) and Hungary (X tons) were the main suppliers of rubber-to-metal and moulded article imports to Austria, together comprising 61% of total imports. These countries were followed by China, Slovenia, India, Italy, Poland, France, Switzerland, Spain, Japan and Romania, which together accounted for a further 32%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +48.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of rubber-to-metal and moulded articles to Austria, comprising 40% of total imports. The second position in the ranking was held by Turkey ($X), with an 11% share of total imports. It was followed by Italy, with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+25.4% per year) and Italy (+8.1% per year).

Import Prices by Country

The average rubber-to-metal and moulded article import price stood at $X per ton in 2021, rising by 9.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2019 when the average import price increased by 23%. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in years to come.

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 Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :