Austria: Wood Milling Machine Market 2024

Wood Milling Machine Market Size in Austria

The Austrian wood milling machine market soared to $X in 2021, picking up by 248% against the previous year. In general, consumption enjoyed a prominent expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Wood Milling Machine Production in Austria

In value terms, wood milling machine production totaled $X in 2021 estimated in export price. Over the period under review, production showed a abrupt decline. The most prominent rate of growth was recorded in 2015 when the production volume increased by 624% against the previous year. Wood milling machine production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Wood Milling Machine Exports

Exports from Austria

In 2021, approx. X units of planing, milling or moulding machines were exported from Austria; picking up by 41% on the year before. Over the period under review, total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when exports increased by 51%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, wood milling machine exports surged to $X in 2021. Overall, exports enjoyed buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units), Poland (X units) and the Czech Republic (X units) were the main destinations of wood milling machine exports from Austria, together comprising 55% of total exports. These countries were followed by Hungary, France, Slovenia, the United States, Bulgaria, Romania, Denmark, Italy, the UK and Luxembourg, which together accounted for a further 32%.

From 2012 to 2021, the biggest increases were recorded for Luxembourg (with a CAGR of +50.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for planing, milling or moulding machines exports from Austria, comprising 36% of total exports. The second position in the ranking was held by France ($X), with an 8.1% share of total exports. It was followed by Poland, with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to +7.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+10.2% per year) and Poland (+3.9% per year).

Export Prices by Country

In 2021, the average wood milling machine export price amounted to $X per unit, surging by 19% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.7%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 the UK ($X per unit), while the average price for exports to Slovenia ($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 the UK (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Milling Machine Imports

Imports into Austria

In 2021, supplies from abroad of planing, milling or moulding machines increased by 129% to X units, rising for the second consecutive year after two years of decline. In general, imports recorded a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, wood milling machine imports surged to $X in 2021. Over the period under review, imports continue to indicate resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of wood milling machine to Austria, with a 75% share of total imports. Moreover, wood milling machine imports from China exceeded the figures recorded by the second-largest supplier, Slovenia (X units), fivefold.

From 2012 to 2021, the average annual growth rate of volume from China totaled +17.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+33.8% per year) and Germany (+16.8% per year).

In value terms, Slovenia ($X), China ($X) and Germany ($X) were the largest wood milling machine suppliers to Austria, with a combined 94% share of total imports.

Among the main suppliers, Slovenia, with a CAGR of +27.7%, 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 wood milling machine import price stood at $X per unit in 2021, shrinking by -19.4% against the previous year. Over the period under review, the import price showed a deep setback. The pace of growth was the most pronounced in 2020 when the average import price increased by 5.4%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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