Austria: Prisms And Mirrors Market 2024

Prisms And Mirrors Market Size in Austria

The Austrian prisms and mirrors market shrank modestly to $X in 2022, with a decrease of -2.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a perceptible setback. Prisms and mirrors consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Prisms And Mirrors Exports

Exports from Austria

In 2022, after five years of growth, there was significant decline in overseas shipments of prisms and mirrors, when their volume decreased by -16.5% to X tons. Overall, exports, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 50% against the previous year. The exports peaked at X tons in 2021, and then reduced rapidly in the following year.

In value terms, prisms and mirrors exports fell to $X in 2022. Over the period under review, exports saw a slight slump. The most prominent rate of growth was recorded in 2018 when exports increased by 32%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Serbia (X tons), Slovenia (X tons) and Germany (X tons) were the main destinations of prisms and mirrors exports from Austria, with a combined 40% share of total exports. Poland, the United States, Italy, Slovakia, Hungary, Switzerland, the UK, Romania, China and Iraq lagged somewhat behind, together comprising a further 47%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +111.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for prisms and mirrors exported from Austria were Serbia ($X), the United States ($X) and Germany ($X), together comprising 43% of total exports. Slovenia, Poland, Hungary, Switzerland, Italy, Slovakia, Romania, the UK, Iraq and China lagged somewhat behind, together accounting for a further 43%.

Iraq, with a CAGR of +147.1%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average prisms and mirrors export price stood at $X per ton in 2022, increasing by 11% against the previous year. Over the period under review, the export price, however, showed a abrupt downturn. The growth pace was the most rapid in 2016 when the average export price increased by 125% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+17.8%), while the prices for the other major destinations experienced more modest paces of growth.

Prisms And Mirrors Imports

Imports into Austria

In 2022, approx. X tons of prisms and mirrors were imported into Austria; with a decrease of -2.7% compared with the previous year. In general, imports faced a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 13%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, prisms and mirrors imports fell to $X in 2022. The total import value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 36% against the previous year. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

China (X tons), Germany (X tons) and Japan (X tons) were the main suppliers of prisms and mirrors imports to Austria, with a combined 77% share of total imports. Taiwan (Chinese), the United States, Vietnam, Finland and Italy lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +74.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest prisms and mirrors suppliers to Austria were Germany ($X), China ($X) and the United States ($X), with a combined 71% share of total imports. Japan, Taiwan (Chinese), Vietnam, Finland and Italy lagged somewhat behind, together comprising a further 15%.

Vietnam, with a CAGR of +84.1%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average prisms and mirrors import price stood at $X per ton in 2022, waning by -3.6% against the previous year. In general, the import price, however, continues to indicate strong growth. The pace of growth was the most pronounced in 2018 when the average import price increased by 54%. The import price peaked at $X per ton in 2021, and then contracted slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+25.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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