Austria: Steel Railway Material Market 2024

Steel Railway Material Market Size in Austria

In 2022, the Austrian steel railway material market decreased by -29.2% to $X for the first time since 2018, thus ending a three-year rising trend. Over the period under review, consumption continues to indicate a noticeable curtailment. Steel railway material consumption peaked at $X in 2021, and then shrank notably in the following year.

Steel Railway Material Production in Austria

In value terms, steel railway material production fell slightly to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by 9.7% against the previous year. Steel railway material production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Steel Railway Material Exports

Exports from Austria

In 2022, overseas shipments of railway material of steel increased by 5.1% to X tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 with an increase of 7.2%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, steel railway material exports rose rapidly to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 20%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Germany (X tons) was the main destination for steel railway material exports from Austria, accounting for a 34% share of total exports. Moreover, steel railway material exports to Germany exceeded the volume sent to the second major destination, Switzerland (X tons), fivefold. Hungary (X tons) ranked third in terms of total exports with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at +16.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+1.6% per year) and Hungary (+6.7% per year).

In value terms, Germany ($X) remains the key foreign market for railway material of steel exports from Austria, comprising 28% of total exports. The second position in the ranking was held by Switzerland ($X), with a 10% share of total exports. It was followed by Romania, with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled +14.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+1.8% per year) and Romania (+19.0% per year).

Export Prices by Country

In 2022, the average steel railway material export price amounted to $X per ton, surging by 8.9% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 12%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to the Netherlands ($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 Australia (+0.9%), while the prices for the other major destinations experienced more modest paces of growth.

Steel Railway Material Imports

Imports into Austria

Steel railway material imports into Austria fell markedly to X tons in 2022, reducing by -18.9% compared with 2021 figures. Over the period under review, imports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 48%. Imports peaked at X tons in 2021, and then shrank sharply in the following year.

In value terms, steel railway material imports shrank sharply to $X in 2022. In general, imports, however, posted a notable increase. The most prominent rate of growth was recorded in 2021 with an increase of 73%. As a result, imports attained the peak of $X, and then fell markedly in the following year.

Imports by Country

In 2022, France (X tons) constituted the largest supplier of steel railway material to Austria, with a 53% share of total imports. Moreover, steel railway material imports from France exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. Poland (X tons) ranked third in terms of total imports with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from France stood at +44.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.6% per year) and Poland (+10.4% per year).

In value terms, the largest steel railway material suppliers to Austria were Germany ($X), France ($X) and Italy ($X), together accounting for 69% of total imports. Turkey, Poland, Slovenia and the Czech Republic lagged somewhat behind, together accounting for a further 12%.

Slovenia, with a CAGR of +99.4%, 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

In 2022, the average steel railway material import price amounted to $X per ton, which is down by -2.3% against the previous year. In general, the import price showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 when the average import price increased by 53%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Slovenia ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+2.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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