Austria: Metal-Reinforced Rubber Hose Market 2024

Metal-Reinforced Rubber Hose Market Size in Austria

After two years of decline, the Austrian metal-reinforced rubber hose market increased by 18% to $X in 2022. Over the period under review, consumption saw resilient growth. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Metal-Reinforced Rubber Hose Production in Austria

In value terms, metal-reinforced rubber hose production reduced slightly to $X in 2022 estimated in export price. Overall, the total production indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.1% 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 -10.2% against 2019 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by 62%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Metal-Reinforced Rubber Hose Exports

Exports from Austria

In 2022, the amount of rubber hose reinforced with metal exported from Austria dropped modestly to X tons, waning by -4.9% compared with the previous year's figure. The total export volume increased at an average annual rate of +3.7% 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 2013 with an increase of 32% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, metal-reinforced rubber hose exports expanded remarkably to $X in 2022. Over the period under review, total exports indicated a tangible 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, exports increased by +42.5% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of 29%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Germany (X tons), the Czech Republic (X tons) and Italy (X tons) were the main destinations of metal-reinforced rubber hose exports from Austria, with a combined 79% share of total exports. The UK, the United States, Poland, Australia and Chile lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia (with a CAGR of +22.7%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Czech Republic ($X) and Italy ($X) appeared to be the largest markets for metal-reinforced rubber hose exported from Austria worldwide, with a combined 75% share of total exports. The United States, the UK, Poland, Australia and Chile lagged somewhat behind, together accounting for a further 12%.

Australia, with a CAGR of +25.2%, recorded the highest growth rate of 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

In 2022, the average metal-reinforced rubber hose export price amounted to $X per ton, rising by 18% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Australia ($X per ton) and the United States ($X per ton), while the average price for exports to Germany ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.

Metal-Reinforced Rubber Hose Imports

Imports into Austria

In 2022, purchases abroad of rubber hose reinforced with metal increased by 3.6% to X tons, rising for the second consecutive year after two years of decline. In general, total imports indicated a temperate expansion from 2012 to 2022: its volume 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, imports increased by +25.0% against 2020 indices. The pace of growth was the most pronounced in 2015 when imports increased by 40% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, metal-reinforced rubber hose imports expanded slightly to $X in 2022. Over the period under review, total imports indicated perceptible growth 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, imports increased by +29.7% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of 43%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The Czech Republic (X tons), Germany (X tons) and Turkey (X tons) were the main suppliers of metal-reinforced rubber hose imports to Austria, with a combined 79% share of total imports. Poland, Italy, Denmark, Thailand, the Netherlands, China and India lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +42.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Czech Republic ($X) and Turkey ($X) appeared to be the largest metal-reinforced rubber hose suppliers to Austria, together accounting for 73% of total imports. Italy, Poland, Denmark, Thailand, the Netherlands, China and India lagged somewhat behind, together accounting for a further 20%.

In terms of the main suppliers, Thailand, with a CAGR of +45.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average metal-reinforced rubber hose import price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 13%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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