Austria: Market for Numerically Controlled Drilling Machines For Working Metal 2024

Market Size for Numerically Controlled Drilling Machines For Working Metal in Austria

The Austrian numerically controlled drilling machine market surged to $X in 2021, jumping by 274% against the previous year. Overall, consumption continues to indicate a resilient increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Numerically Controlled Drilling Machines For Working Metal in Austria

In value terms, numerically controlled drilling machine production fell notably to $X in 2021 estimated in export price. In general, production showed a abrupt downturn. The most prominent rate of growth was recorded in 2014 with an increase of 126% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Exports of Numerically Controlled Drilling Machines For Working Metal

Exports from Austria

In 2021, overseas shipments of numerically controlled drilling machines for working metal decreased by -25.1% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports recorded a abrupt contraction. The pace of growth was the most pronounced in 2013 when exports increased by 129%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, numerically controlled drilling machine exports amounted to $X in 2021. Overall, exports showed a deep setback. The most prominent rate of growth was recorded in 2016 when exports increased by 57% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons), India (X tons) and Germany (X tons) were the main destinations of numerically controlled drilling machine exports from Austria, with a combined 98% share of total exports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +45.3%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) remains the key foreign market for numerically controlled drilling machines for working metal exports from Austria, comprising 89% of total exports. The second position in the ranking was held by India ($X), with a 7.1% share of total exports. It was followed by Germany, with a 2.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to -14.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+31.0% per year) and Germany (-9.6% per year).

Export Prices by Country

In 2021, the average numerically controlled drilling machine export price amounted to $X per ton, increasing by 35% against the previous year. Overall, the export price, however, recorded a abrupt setback. The pace of growth was the most pronounced in 2018 an increase of 105%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to India ($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 Switzerland (+8.7%), while the prices for the other major destinations experienced a decline.

Imports of Numerically Controlled Drilling Machines For Working Metal

Imports into Austria

Numerically controlled drilling machine imports into Austria soared to X tons in 2021, increasing by 302% against 2020 figures. Overall, imports saw resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, numerically controlled drilling machine imports surged to $X in 2021. In general, imports recorded a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) was the main supplier of numerically controlled drilling machine to Austria, accounting for a 94% share of total imports. Moreover, numerically controlled drilling machine imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +41.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-4.8% per year) and China (-46.2% per year).

In value terms, Germany ($X) constituted the largest supplier of numerically controlled drilling machines for working metal to Austria, comprising 93% of total imports. The second position in the ranking was taken by Italy ($X), with a 6.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +36.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-12.1% per year) and China (-46.0% per year).

Import Prices by Country

In 2021, the average numerically controlled drilling machine import price amounted to $X per ton, increasing by 75% against the previous year. Overall, the import price, however, recorded a abrupt setback. The growth pace was the most rapid in 2018 when the average import price increased by 307% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: 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 the United States (+19.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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