Austria - Articles Of Iron Or Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Steel and Iron Articles in Austria - 2023
Contents:
- Price for Steel and Iron Articles in Austria (CIF) - 2023
- Price for Steel and Iron Articles in Austria (FOB) - 2023
- Imports of Steel and Iron Articles in Austria
- Exports of Steel and Iron Articles in Austria
Price for Steel and Iron Articles in Austria (CIF) - 2023
In June 2023, the average steel and iron articles import price amounted to $5,211 per ton, stabilizing at the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.4%. The growth pace was the most rapid in October 2022 when the average import price increased by 21% month-to-month. Over the period under review, average import prices attained the maximum in June 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Sweden ($15,322 per ton), while the price for Hungary ($2,316 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Sweden (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel and Iron Articles in Austria (FOB) - 2023
The average steel and iron articles export price stood at $4,150 per ton in June 2023, which is down by -2.6% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.6%. The pace of growth was the most pronounced in October 2022 an increase of 13% against the previous month. Over the period under review, the average export prices reached the peak figure at $4,262 per ton in May 2023, and then reduced slightly in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Poland ($9,496 per ton), while the average price for exports to Slovakia ($3,037 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel and Iron Articles in Austria
In 2022, the amount of articles of iron or steel imported into Austria expanded slightly to 341K tons, growing by 4.6% compared with 2021 figures. The total import volume increased at an average annual rate of +3.4% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 19%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.
In value terms, steel and iron articles imports expanded significantly to $1.5B in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +10.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +41.6% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 34% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Steel and Iron Articles in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 502 | 472 | 596 | 661 | 9.6% |
| Italy | 89.3 | 92.9 | 142 | 152 | 19.4% |
| Switzerland | 56.3 | 55.1 | 76.6 | 75.2 | 10.1% |
| China | 61.1 | 63.3 | 80.9 | 74.1 | 6.6% |
| Czech Republic | 51.8 | 53.5 | 54.4 | 70.6 | 10.9% |
| Hungary | 40.7 | 39.0 | 63.0 | 67.6 | 18.4% |
| Slovenia | 49.4 | 43.0 | 57.2 | 56.8 | 4.8% |
| Slovakia | 45.3 | 35.1 | 52.6 | 53.1 | 5.4% |
| Poland | 21.1 | 24.7 | 45.9 | 45.2 | 28.9% |
| Turkey | 12.3 | 14.4 | 24.6 | 37.4 | 44.9% |
| Bosnia and Herzegovina | 16.3 | 12.9 | 20.5 | 23.6 | 13.1% |
| Others | 141 | 138 | 181 | 163 | 5.0% |
| Total | 1,087 | 1,044 | 1,395 | 1,479 | 10.8% |
Top Suppliers of Steel and Iron Articles to Austria in 2022:
- Germany (144.9K tons)
- Italy (33.5K tons)
- Czech Republic (32.8K tons)
- Hungary (19.9K tons)
- China (17.4K tons)
- Slovakia (15.2K tons)
- Poland (11.9K tons)
- Switzerland (11.8K tons)
- Slovenia (9.8K tons)
- Turkey (9.0K tons)
- Bosnia and Herzegovina (5.9K tons)
Exports of Steel and Iron Articles in Austria
In 2022, the amount of articles of iron or steel exported from Austria surged to 426K tons, jumping by 35% against the year before. In general, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +10.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.9% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, steel and iron articles exports rose sharply to $1.5B in 2022. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +12.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.5% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 44%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Steel and Iron Articles in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 533 | 448 | 636 | 777 | 13.4% |
| Switzerland | 53.8 | 59.7 | 90.6 | 68.8 | 8.5% |
| Slovakia | 27.7 | 33.3 | 51.1 | 67.8 | 34.8% |
| Hungary | 46.7 | 37.1 | 48.1 | 56.7 | 6.7% |
| France | 24.0 | 28.5 | 36.0 | 50.8 | 28.4% |
| Italy | 34.8 | 24.0 | 42.0 | 49.2 | 12.2% |
| Czech Republic | 41.7 | 42.9 | 39.4 | 46.9 | 4.0% |
| Romania | 33.5 | 31.9 | 33.9 | 41.7 | 7.6% |
| United Kingdom | 11.6 | 9.1 | 60.5 | 41.6 | 53.1% |
| Poland | 52.1 | 25.5 | 32.2 | 36.2 | -11.4% |
| Spain | 21.5 | 21.9 | 26.0 | 36.1 | 18.9% |
| Slovenia | 26.6 | 19.4 | 24.8 | 31.9 | 6.2% |
| Turkey | 13.5 | 14.0 | 17.4 | 16.4 | 6.7% |
| Others | 175 | 157 | 230 | 226 | 8.9% |
| Total | 1,096 | 952 | 1,367 | 1,547 | 12.2% |
Top Export Markets for Steel and Iron Articles from Austria in 2022:
- Germany (251.0K tons)
- Slovakia (22.3K tons)
- Hungary (18.4K tons)
- Czech Republic (14.2K tons)
- France (13.2K tons)
- Italy (11.1K tons)
- United Kingdom (11.1K tons)
- Poland (10.0K tons)
- Slovenia (9.0K tons)
- Romania (8.4K tons)
- Switzerland (7.9K tons)
- Turkey (7.5K tons)
- Spain (6.7K tons)
This report provides an in-depth analysis of the market for steel and iron articles in Austria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25992945 - Articles of iron or steel, n.e.s.
- Prodcom 25992931 - Iron or steel ladders and steps (excluding forged or stamped)
- Prodcom 25992933 - Iron or steel pallets and similar platforms for handling goods
- Prodcom 25992935 - Iron or steel reels for cables, piping and the like
- Prodcom 25992937 - Iron or steel non-mechanical ventilators, guttering, hooks and similar articles used in the building industry (excluding forged or stamped)
Country coverage:
- Austria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Austria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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