Austria: Market for Table, Kitchen Or Household Articles And Parts Of Stainless Steel 2024

Market Size for Table, Kitchen Or Household Articles And Parts Of Stainless Steel in Austria

The Austrian stainless steel household articles market reduced to $X in 2022, which is down by -1.7% against the previous year. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Table, Kitchen Or Household Articles And Parts Of Stainless Steel in Austria

In value terms, stainless steel household articles production declined to $X in 2022 estimated in export price. In general, production saw a perceptible decrease. The pace of growth was the most pronounced in 2021 when the production volume increased by 23%. Stainless steel household articles production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Table, Kitchen Or Household Articles And Parts Of Stainless Steel

Exports from Austria

In 2022, after two years of growth, there was decline in shipments abroad of table, kitchen or household articles and parts of stainless steel, when their volume decreased by -0.8% to X units. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by 12% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, stainless steel household articles exports reduced to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 11% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X units), the United States (X units) and Poland (X units) were the main destinations of stainless steel household articles exports from Austria, together accounting for 39% of total exports. Slovakia, Hungary, the Czech Republic, Romania, Italy, Greece, Slovenia, Switzerland and Croatia lagged somewhat behind, together comprising a further 43%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of +20.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for stainless steel household articles exported from Austria were Germany ($X), the United States ($X) and Poland ($X), with a combined 39% share of total exports. Italy, the Czech Republic, Hungary, Slovakia, Romania, Switzerland, Slovenia, Greece and Croatia lagged somewhat behind, together accounting for a further 34%.

Romania, with a CAGR of +12.7%, recorded the highest growth rate of 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

The average stainless steel household articles export price stood at $X per unit in 2022, shrinking by -2.8% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 8.6% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Greece ($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 Croatia (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Table, Kitchen Or Household Articles And Parts Of Stainless Steel

Imports into Austria

In 2022, approx. X units of table, kitchen or household articles and parts of stainless steel were imported into Austria; falling by -5.3% against the previous year's figure. The total import volume increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 14% against the previous year. As a result, imports attained the peak of X units, and then shrank in the following year.

In value terms, stainless steel household articles imports amounted to $X in 2022. The total import value increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 17%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

China (X units), Germany (X units) and Slovakia (X units) were the main suppliers of stainless steel household articles imports to Austria, together comprising 76% of total imports. Italy, India, Poland, Turkey, the Netherlands and Belgium lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +51.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Poland ($X) were the largest stainless steel household articles suppliers to Austria, with a combined 77% share of total imports.

Poland, with a CAGR of +70.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average stainless steel household articles import price stood at $X per unit in 2022, picking up by 6.9% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 7.6% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

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 Poland ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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