Austria: Thermoforming Machine Market 2024

Thermoforming Machine Market Size in Austria

The Austrian thermoforming machine market surged to $X in 2021, rising by 65% against the previous year. Over the period under review, consumption, however, saw a resilient expansion. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in the near future.

Thermoforming Machine Production in Austria

In value terms, thermoforming machine production declined markedly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by 58% against the previous year. Thermoforming machine production peaked at $X in 2020, and then fell markedly in the following year.

Thermoforming Machine Exports

Exports from Austria

In 2021, overseas shipments of thermoforming machines for working rubber or plastics increased by 26% to X units, rising for the third consecutive year after two years of decline. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by 39%. Over the period under review, the exports reached the peak figure at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, thermoforming machine exports contracted slightly to $X in 2021. In general, exports recorded prominent growth. The pace of growth was the most pronounced in 2016 with an increase of 53%. The exports peaked at $X in 2020, and then contracted slightly in the following year.

Exports by Country

The United States (X units) was the main destination for thermoforming machine exports from Austria, accounting for a 30% share of total exports. Moreover, thermoforming machine exports to the United States exceeded the volume sent to the second major destination, Germany (X units), threefold. The third position in this ranking was held by China (X units), with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-3.2% per year) and China (+11.3% per year).

In value terms, the United States ($X), Norway ($X) and China ($X) constituted the largest markets for thermoforming machine exported from Austria worldwide, together comprising 40% of total exports. These countries were followed by Germany, Hong Kong SAR, Romania, Hungary, Iceland, Australia, Italy, the UK, the Czech Republic and the United Arab Emirates, which together accounted for a further 46%.

Iceland, with a CAGR of +49.6%, saw 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 thermoforming machine export price stood at $X per unit in 2021, dropping by -21.7% against the previous year. Overall, the export price, however, showed resilient growth. The pace of growth was the most pronounced in 2015 an increase of 38%. Over the period under review, the average export prices reached the maximum at $X per unit in 2020, and then dropped remarkably in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+28.7%), while the prices for the other major destinations experienced more modest paces of growth.

Thermoforming Machine Imports

Imports into Austria

In 2021, approx. X units of thermoforming machines for working rubber or plastics were imported into Austria; with an increase of 114% on 2020. Over the period under review, imports, however, showed a deep slump. Over the period under review, imports reached the maximum at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, thermoforming machine imports surged to $X in 2021. In general, imports recorded a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X units) was the main supplier of thermoforming machine to Austria, with a approx. 100% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +262.1%.

In value terms, Germany ($X) constituted the largest supplier of thermoforming machines for working rubber or plastics to Austria, comprising 99% of total imports. The second position in the ranking was held by Italy ($X), with less than 0.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +21.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-45.7% per year) and China (-36.2% per year).

Import Prices by Country

The average thermoforming machine import price stood at $X per unit in 2021, surging by 237% against the previous year. In general, the import price posted a significant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2020 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+480.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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