Austria: Market for Rigid Tubes, Pipes and Hoses, of Other Polymers 2024

Market Size for Rigid Tubes, Pipes and Hoses, of Other Polymers in Austria

In 2022, the Austrian market for rigid tubes, pipes and hoses, of other polymers decreased by -39.5% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, continues to indicate a remarkable increase. Consumption of peaked at $X in 2021, and then shrank remarkably in the following year.

Production of Rigid Tubes, Pipes and Hoses, of Other Polymers in Austria

In value terms, production of rigid tubes, pipes and hoses, of other polymers declined to $X in 2022 estimated in export price. In general, the total production indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.2% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. As a result, production attained the peak level of $X, and then contracted in the following year.

Exports of Rigid Tubes, Pipes and Hoses, of Other Polymers

Exports from Austria

In 2022, shipments abroad of rigid tubes, pipes and hoses, of other polymers increased by 18% to X tons, rising for the second consecutive year after five years of decline. In general, exports, however, showed a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of 50%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, exports of rigid tubes, pipes and hoses, of other polymers soared to $X in 2022. Over the period under review, exports saw a strong increase. The most prominent rate of growth was recorded in 2021 when exports increased by 127% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Germany (X tons), China (X tons) and Taiwan (Chinese) (X tons) were the main destinations of exports of rigid tubes, pipes and hoses, of other polymers from Austria, with a combined 39% share of total exports. South Korea, Italy, Denmark, the United States, Switzerland, Belgium, the Netherlands, Poland, Japan and Singapore lagged somewhat behind, together comprising a further 42%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +63.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for rigid tubes, pipes and hoses, of other polymers exported from Austria were South Korea ($X), China ($X) and Germany ($X), together comprising 47% of total exports.

South Korea, with a CAGR of +70.0%, saw the highest rates of growth with regard to 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

In 2022, the average export price for rigid tubes, pipes and hoses, of other polymers amounted to $X per ton, rising by 31% against the previous year. Overall, the export price recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 51%. The export price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Belgium ($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 Switzerland (+18.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes and Hoses, of Other Polymers

Imports into Austria

In 2022, imports of rigid tubes, pipes and hoses, of other polymers into Austria fell dramatically to X tons, shrinking by -36% compared with the previous year. Overall, imports continue to indicate a perceptible descent. The most prominent rate of growth was recorded in 2021 with an increase of 62% against the previous year. Over the period under review, imports of reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of rigid tubes, pipes and hoses, of other polymers shrank rapidly to $X in 2022. Over the period under review, total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +3.4% 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 +26.9% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 62%. As a result, imports attained the peak of $X, and then declined markedly in the following year.

Imports by Country

Germany (X tons), Turkey (X tons) and Italy (X tons) were the main suppliers of imports of rigid tubes, pipes and hoses, of other polymers to Austria, together comprising 73% of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +85.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of rigid tubes, pipes and hoses, of other polymers to Austria, comprising 42% of total imports. The second position in the ranking was held by Turkey ($X), with an 8.9% share of total imports. It was followed by Italy, with an 8.1% share.

From 2012 to 2022, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+83.7% per year) and Italy (+17.8% per year).

Import Prices by Country

In 2022, the average import price for rigid tubes, pipes and hoses, of other polymers amounted to $X per ton, surging by 23% against the previous year. Overall, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for rigid tubes, pipes and hoses, of other polymers increased by +72.8% against 2015 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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