Austria: Market for Pneumatic Or Hydraulic Hand Tools 2024

Market Size for Pneumatic Or Hydraulic Hand Tools in Austria

In 2021, the Austrian market for pneumatic or hydraulic hand tools was finally on the rise to reach $X after three years of decline. In general, consumption, however, continues to indicate a noticeable setback. Pneumatic or hydraulic hand tool consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Pneumatic Or Hydraulic Hand Tools in Austria

In value terms, pneumatic or hydraulic hand tool production expanded modestly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a deep slump. The most prominent rate of growth was recorded in 2016 when the production volume increased by 244% against the previous year. Pneumatic or hydraulic hand tool production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports from Austria

In 2021, after two years of decline, there was significant growth in overseas shipments of pneumatic or hydraulic hand tools, when their volume increased by 5.2% to X tons. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 26% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, pneumatic or hydraulic hand tool exports shrank to $X in 2021. In general, exports, however, showed a slight downturn. The pace of growth was the most pronounced in 2013 when exports increased by 29% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), Italy (X tons) and Hungary (X tons) were the main destinations of pneumatic or hydraulic hand tool exports from Austria, together comprising 34% of total exports. These countries were followed by France, Greece, Romania, the Czech Republic, the United States, Croatia, Slovakia, Slovenia, Poland and Bulgaria, which together accounted for a further 46%.

From 2012 to 2021, the biggest increases were recorded for Bulgaria (with a CAGR of +15.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pneumatic or hydraulic hand tool exported from Austria were the United States ($X), Germany ($X) and France ($X), together accounting for 29% of total exports. Italy, the Czech Republic, Hungary, Poland, Romania, Slovenia, Croatia, Slovakia, Greece and Bulgaria lagged somewhat behind, together comprising a further 28%.

Italy, with a CAGR of +10.4%, recorded the highest rates of growth with regard to 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 export price for pneumatic or hydraulic hand tools stood at $X per ton in 2021, which is down by -5.7% against the previous year. Overall, the export price continues to indicate a slight contraction. The pace of growth was the most pronounced in 2020 an increase of 8.5% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

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 the United States ($X per ton), while the average price for exports to Greece ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Or Hydraulic Hand Tools

Imports into Austria

Pneumatic or hydraulic hand tool imports into Austria skyrocketed to X tons in 2021, with an increase of 20% compared with the year before. Over the period under review, imports, however, saw a relatively flat trend pattern. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, pneumatic or hydraulic hand tool imports skyrocketed to $X in 2021. In general, imports saw a relatively flat trend pattern. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of pneumatic or hydraulic hand tool imports to Austria, with a combined 87% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +30.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of pneumatic or hydraulic hand tools to Austria, comprising 53% of total imports. The second position in the ranking was held by China ($X), with an 18% share of total imports. It was followed by the United States, with a 6.6% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-2.8% per year) and the United States (-3.9% per year).

Import Prices by Country

The average import price for pneumatic or hydraulic hand tools stood at $X per ton in 2021, with an increase of 8.7% against the previous year. Over the last nine years, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2013 when the average import price increased by 15%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average 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 Sweden ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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