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

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

For the fifth year in a row, the Austrian propylene polymer rigid pipes market recorded growth in sales value, which increased by 38% to $X in 2022. In general, consumption saw a resilient increase. Propylene polymer rigid pipes consumption peaked in 2022 and is likely to continue growth in the immediate term.

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

In value terms, propylene polymer rigid pipes production declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 when the production volume increased by 24%. Over the period under review, production reached the peak level at $X in 2021, and then reduced in the following year.

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

Exports from Austria

In 2022, propylene polymer rigid pipes exports from Austria declined remarkably to X tons, reducing by -49.8% against the previous year's figure. Overall, exports saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 22%. As a result, the exports reached the peak of X tons, and then shrank markedly in the following year.

In value terms, propylene polymer rigid pipes exports shrank dramatically to $X in 2022. In general, exports saw a mild descent. The pace of growth was the most pronounced in 2021 with an increase of 33%. As a result, the exports reached the peak of $X, and then fell sharply in the following year.

Exports by Country

Germany (X tons) was the main destination for propylene polymer rigid pipes exports from Austria, with a 40% share of total exports. Moreover, propylene polymer rigid pipes exports to Germany exceeded the volume sent to the second major destination, France (X tons), twofold. Taiwan (Chinese) (X tons) ranked third in terms of total exports with a 7.2% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled +1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+6.3% per year) and Taiwan (Chinese) (+19.3% per year).

In value terms, Germany ($X) remains the key foreign market for rigid tubes, pipes and hoses of polymers of propylene exports from Austria, comprising 47% of total exports. The second position in the ranking was held by France ($X), with a 12% share of total exports. It was followed by Taiwan (Chinese), with a 6.4% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at +4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+5.1% per year) and Taiwan (Chinese) (+22.6% per year).

Export Prices by Country

The average propylene polymer rigid pipes export price stood at $X per ton in 2022, increasing by 4.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 8.7%. The export price peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to France ($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 (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Austria

In 2022, after two years of growth, there was significant decline in supplies from abroad of rigid tubes, pipes and hoses of polymers of propylene, when their volume decreased by -46.7% to X tons. In general, imports saw a perceptible decline. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. As a result, imports reached the peak of X tons, and then fell dramatically in the following year.

In value terms, propylene polymer rigid pipes imports dropped significantly to $X in 2022. Over the period under review, imports saw a noticeable reduction. The growth pace was the most rapid in 2021 when imports increased by 44%. As a result, imports reached the peak of $X, and then declined significantly in the following year.

Imports by Country

Germany (X tons), Croatia (X tons) and the Czech Republic (X tons) were the main suppliers of propylene polymer rigid pipes imports to Austria, with a combined 73% share of total imports. Poland, North Macedonia, Serbia, Italy, Switzerland, Belgium, Slovakia and Slovenia lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +173.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of rigid tubes, pipes and hoses of polymers of propylene to Austria, comprising 46% of total imports. The second position in the ranking was held by Croatia ($X), with a 20% share of total imports. It was followed by the Czech Republic, with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Croatia (+13.1% per year) and the Czech Republic (+24.4% per year).

Import Prices by Country

The average propylene polymer rigid pipes import price stood at $X per ton in 2022, picking up by 1.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The growth pace was the most rapid in 2019 an increase of 22% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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