Austria: Prepared Binders Market 2024

Prepared Binders Market Size in Austria

The Austrian prepared binders market skyrocketed to $X in 2021, picking up by 41% against the previous year. Overall, consumption recorded a strong expansion. Prepared binders consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Prepared Binders Production in Austria

In value terms, prepared binders production contracted rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a significant expansion. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Prepared Binders Exports

Exports from Austria

For the fifth consecutive year, Austria recorded decline in overseas shipments of prepared binders for foundry moulds or cores, which decreased by -8.4% to X tons in 2021. Overall, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2013 when exports increased by 12%. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, prepared binders exports rose rapidly to $X in 2021. Over the period under review, exports recorded a abrupt contraction. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The Czech Republic (X tons), Germany (X tons) and Turkey (X tons) were the main destinations of prepared binders exports from Austria, together accounting for 70% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of +47.0%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for prepared binders for foundry moulds or cores exports from Austria, comprising 34% of total exports. The second position in the ranking was taken by Turkey ($X), with a 13% share of total exports. It was followed by Hungary, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at -8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-14.9% per year) and Hungary (-12.5% per year).

Export Prices by Country

In 2021, the average prepared binders export price amounted to $X per ton, picking up by 24% against the previous year. In general, the export price, however, continues to indicate a noticeable contraction. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Hungary ($X per ton), while the average price for exports to the Czech Republic ($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 Ukraine (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Binders Imports

Imports into Austria

In 2021, the amount of prepared binders for foundry moulds or cores imported into Austria soared to X tons, increasing by 26% on the year before. Overall, imports continue to indicate notable growth. The most prominent rate of growth was recorded in 2017 with an increase of 52%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, prepared binders imports surged to $X in 2021. In general, total imports indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -28.2% against 2017 indices. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of prepared binders to Austria, with a 77% share of total imports. Moreover, prepared binders imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+30.7% per year) and the Czech Republic (-3.5% per year).

In value terms, Germany ($X) constituted the largest supplier of prepared binders for foundry moulds or cores to Austria, comprising 80% of total imports. The second position in the ranking was held by Italy ($X), with a 10% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+10.1% per year) and the Czech Republic (-4.2% per year).

Import Prices by Country

In 2021, the average prepared binders import price amounted to $X per ton, increasing by 17% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 42%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Czech Republic ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+2.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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