Austria: Transmission Apparatus Market 2024

Transmission Apparatus Market Size in Austria

The Austrian transmission apparatus market soared to $X in 2021, rising by 33% against the previous year. Overall, consumption enjoyed a strong increase. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the near future.

Transmission Apparatus Production in Austria

In value terms, transmission apparatus production totaled $X in 2021 estimated in export price. Overall, production saw a perceptible setback. The most prominent rate of growth was recorded in 2016 when the production volume increased by 1,313%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Transmission Apparatus Exports

Exports from Austria

Transmission apparatus exports from Austria reduced markedly to X tons in 2021, declining by -17.2% compared with the previous year's figure. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 72% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, transmission apparatus exports rose rapidly to $X in 2021. In general, total exports indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +64.7% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 51%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Slovakia (X tons) was the main destination for transmission apparatus exports from Austria, accounting for a 63% share of total exports. Moreover, transmission apparatus exports to Slovakia exceeded the volume sent to the second major destination, Germany (X tons), fivefold. The third position in this ranking was held by Romania (X tons), with a 6.6% share.

From 2012 to 2021, the average annual growth rate of volume to Slovakia totaled +24.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-0.1% per year) and Romania (+38.2% per year).

In value terms, Slovakia ($X) remains the key foreign market for transmission apparatus incorporating reception apparatus exports from Austria, comprising 74% of total exports. The second position in the ranking was taken by Germany ($X), with an 11% share of total exports. It was followed by Romania, with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Slovakia amounted to +21.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+2.0% per year) and Romania (+23.0% per year).

Export Prices by Country

The average transmission apparatus export price stood at $X per ton in 2021, growing by 31% against the previous year. Overall, the export price saw a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Hong Kong SAR ($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 Germany (+2.1%), while the prices for the other major destinations experienced a decline.

Transmission Apparatus Imports

Imports into Austria

In 2021, approx. X tons of transmission apparatus incorporating reception apparatus were imported into Austria; with an increase of 13% against the previous year's figure. In general, imports saw a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 118%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, transmission apparatus imports skyrocketed to $X in 2021. Over the period under review, imports saw a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 130%. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

China (X tons), Vietnam (X tons) and Germany (X tons) were the main suppliers of transmission apparatus imports to Austria, together accounting for 83% of total imports. Slovakia, the Czech Republic, the Netherlands and South Korea lagged somewhat behind, together comprising a further 9.4%.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +53.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) constituted the largest supplier of transmission apparatus incorporating reception apparatus to Austria, comprising 50% of total imports. The second position in the ranking was held by China ($X), with a 16% share of total imports. It was followed by Germany, with a 7.3% share.

From 2012 to 2021, the average annual growth rate of value from Vietnam stood at +42.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-1.8% per year) and Germany (+21.2% per year).

Import Prices by Country

In 2021, the average transmission apparatus import price amounted to $X per ton, growing by 6.8% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.6%. The pace of growth appeared the most rapid in 2013 an increase of 16%. The import price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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