Austria: Unwrought Aluminium Alloys Market 2021

Unwrought Aluminium Alloys Market Size in Austria

In 2020, the Austrian unwrought aluminium alloys market decreased by -X% to $X, falling for the second year in a row after five years of growth. Over the period under review, consumption showed a noticeable decrease. The pace of growth was the most pronounced in 2018 when the market value increased by X% year-to-year. As a result, consumption attained the peak level of $X. from 2019 to 2020, the growth of the market remained at a somewhat lower figure.

Unwrought Aluminium Alloys Production in Austria

In value terms, unwrought aluminium alloys production fell markedly to $X in 2020 estimated in export prices. Overall, production, however, saw a mild shrinkage. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. As a result, production reached the peak level of $X. from 2019 to 2020, production growth failed to regain the momentum.

Unwrought Aluminium Alloys Exports

Exports from Austria

In 2020, the amount of unwrought aluminium alloys exported from Austria declined to X tons, waning by -X% on the previous year's figure. In general, exports, however, enjoyed a measured expansion. The pace of growth appeared the most rapid in 2010 when exports increased by X% year-to-year. Exports peaked at X tons in 2015; however, from 2016 to 2020, exports stood at a somewhat lower figure.

In value terms, unwrought aluminium alloys exports plummeted to $X in 2020. Over the period under review, exports, however, saw a slight downturn. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. Exports peaked at $X in 2013; however, from 2014 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for unwrought aluminium alloys exports from Austria, with a X% share of total exports. Moreover, unwrought aluminium alloys exports to Germany exceeded the volume sent to the second major destination, Italy (X tons), more than tenfold. Poland (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Germany amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+X% per year) and Poland (+X% per year).

In value terms, Germany ($X) remains the key foreign market for unwrought aluminium alloys exports from Austria, comprising X% of total exports. The second position in the ranking was occupied by Italy ($X), with a X% share of total exports. It was followed by Switzerland, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+X% per year) and Switzerland (-X% per year).

Export Prices by Country

The average unwrought aluminium alloys export price stood at $X per ton in 2020, dropping by -X% against the previous year. Overall, the export price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2010 an increase of X% year-to-year. Over the period under review, average export prices reached the maximum at $X per ton in 2008; however, from 2009 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic, while the prices for the other major destinations experienced a decline.

Unwrought Aluminium Alloys Imports

Imports into Austria

In 2020, supplies from abroad of unwrought aluminium alloys decreased by -X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2020, imports failed to regain the momentum.

In value terms, unwrought aluminium alloys imports fell sharply to $X in 2020. Overall, imports recorded a pronounced slump. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, imports hit record highs at $X in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Norway (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of unwrought aluminium alloys imports to Austria, together comprising X% of total imports. These countries were followed by the Czech Republic, Bahrain, Iceland, France, the United Arab Emirates, Russia, Slovenia, Slovakia, Poland and the Netherlands, which together accounted for a further X 2007 to 2020, the biggest increases were in the United Arab Emirates (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Germany ($X) and Italy ($X) were the largest unwrought aluminium alloys suppliers to Austria, together accounting for X% of total imports. Iceland, Bahrain, France, the Czech Republic, the United Arab Emirates, Russia, Slovenia, the Netherlands, Slovakia and Poland lagged somewhat behind, together accounting for a further X United Arab Emirates (+X% per year) recorded the highest growth rate of the value of imports, among 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 unwrought aluminium alloys import price stood at $X per ton in 2020, declining by -X% against the previous year. In general, the import price continues to indicate a pronounced reduction. The growth pace was the most rapid in 2017 when the average import price increased by X% year-to-year. The import price peaked at $X per ton in 2007; however, from 2008 to 2020, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2020, the countries with the highest prices were Iceland ($X per ton) and the Netherlands ($X per ton), while the price for the Czech Republic ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the United Arab Emirates, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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