Austria: Vulcanised Rubber Seal Market 2024

Vulcanised Rubber Seal Market Size in Austria

The Austrian vulcanised rubber seal market declined to $X in 2022, which is down by -11.4% against the previous year. In general, consumption saw a perceptible downturn. Vulcanised rubber seal consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Vulcanised Rubber Seal Production in Austria

In value terms, vulcanised rubber seal production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 16%. As a result, production attained the peak level of $X, and then reduced in the following year.

Vulcanised Rubber Seal Exports

Exports from Austria

In 2022, vulcanised rubber seal exports from Austria declined to X tons, with a decrease of -6.4% compared with the previous year. The total export volume increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when exports increased by 12% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then dropped in the following year.

In value terms, vulcanised rubber seal exports dropped modestly to $X in 2022. The total export value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 17% against the previous year. As a result, the exports reached the peak of $X, and then dropped slightly in the following year.

Exports by Country

Germany (X tons) was the main destination for vulcanised rubber seal exports from Austria, accounting for a 42% share of total exports. Moreover, vulcanised rubber seal exports to Germany exceeded the volume sent to the second major destination, Poland (X tons), fourfold. France (X tons) ranked third in terms of total exports with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+12.7% per year) and France (+8.0% per year).

In value terms, Germany ($X) remains the key foreign market for seals of vulcanised rubber exports from Austria, comprising 36% of total exports. The second position in the ranking was taken by France ($X), with a 7.5% share of total exports. It was followed by Slovakia, with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled +1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+10.7% per year) and Slovakia (+16.3% per year).

Export Prices by Country

In 2022, the average vulcanised rubber seal export price amounted to $X per ton, picking up by 3.5% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 10%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 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 China ($X per ton), while the average price for exports to Poland ($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 China (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Seal Imports

Imports into Austria

In 2022, approx. X tons of seals of vulcanised rubber were imported into Austria; declining by -7.2% compared with 2021 figures. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 14% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, vulcanised rubber seal imports reduced to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 16%. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest vulcanised rubber seal supplier to Austria, accounting for a 60% share of total imports. Moreover, vulcanised rubber seal imports from Germany exceeded the figures recorded by the second-largest supplier, Hungary (X tons), fourfold. Italy (X tons) ranked third in terms of total imports with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+2.1% per year) and Italy (-2.6% per year).

In value terms, Germany ($X) constituted the largest supplier of seals of vulcanised rubber to Austria, comprising 57% of total imports. The second position in the ranking was taken by Italy ($X), with an 8.9% share of total imports. It was followed by Hungary, with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+0.1% per year) and Hungary (-0.5% per year).

Import Prices by Country

The average vulcanised rubber seal import price stood at $X per ton in 2022, which is down by -4.6% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 13% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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