Austria: Ride-On Compaction Equipment Market 2024

Ride-On Compaction Equipment Market Size in Austria

The Austrian ride-on compaction equipment market surged to $X in 2022, with an increase of 17% against the previous year. In general, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +7.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level in 2022 and is likely to continue growth in the immediate term.

Ride-On Compaction Equipment Production in Austria

In value terms, ride-on compaction equipment production expanded markedly to $X in 2022 estimated in export price. In general, production recorded a remarkable increase. The pace of growth appeared the most rapid in 2015 when the production volume increased by 134%. Ride-on compaction equipment production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Ride-On Compaction Equipment Exports

Exports from Austria

In 2022, overseas shipments of ride-on compaction equipment decreased by -38.1% to X units for the first time since 2017, thus ending a four-year rising trend. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 80% against the previous year. As a result, the exports reached the peak of X units, and then fell remarkably in the following year.

In value terms, ride-on compaction equipment exports shrank remarkably to $X in 2022. In general, exports continue to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2021 with an increase of 35%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Slovenia (X units), Croatia (X units) and Germany (X units) were the main destinations of ride-on compaction equipment exports from Austria, together comprising 40% of total exports.

From 2012 to 2022, the biggest increases were recorded for Croatia (with a CAGR of +31.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ride-on compaction equipment exported from Austria were the United States ($X), Switzerland ($X) and Slovenia ($X), together accounting for 43% of total exports.

The United States, with a CAGR of +68.1%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 ride-on compaction equipment export price stood at $X per unit in 2022, with an increase of 9.3% against the previous year. Over the period under review, the export price, however, saw a pronounced descent. The growth pace was the most rapid in 2013 when the average export price increased by 19%. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Azerbaijan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+31.8%), while the prices for the other major destinations experienced more modest paces of growth.

Ride-On Compaction Equipment Imports

Imports into Austria

For the third consecutive year, Austria recorded growth in supplies from abroad of ride-on compaction equipment, which increased by 22% to X units in 2022. Over the period under review, imports recorded prominent growth. The pace of growth appeared the most rapid in 2018 with an increase of 46% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, ride-on compaction equipment imports contracted to $X in 2022. In general, total imports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +30.5% against 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 54%. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of ride-on compaction equipment to Austria, accounting for a 80% share of total imports. Moreover, ride-on compaction equipment imports from Germany exceeded the figures recorded by the second-largest supplier, the Czech Republic (X units), eightfold. The third position in this ranking was held by Sweden (X units), with a 3.3% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+23.9% per year) and Sweden (+32.0% per year).

In value terms, Germany ($X) constituted the largest supplier of ride-on compaction equipment to Austria, comprising 73% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 15% share of total imports. It was followed by Sweden, with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+23.6% per year) and Sweden (+24.5% per year).

Import Prices by Country

The average ride-on compaction equipment import price stood at $X per unit in 2022, declining by -21.5% 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 2013 when the average import price increased by 17%. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+47.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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