Price for Chain and Parts Thereof, of Iron or Steel in Austria - 2023
Contents:
- Price for Chain and Parts Thereof, of Iron or Steel in Austria (FOB) - 2023
- Price for Chain and Parts Thereof, of Iron or Steel in Austria (CIF) - 2023
- Exports of Chain and Parts Thereof, of Iron or Steel in Austria
- Imports of Chain and Parts Thereof, of Iron or Steel in Austria
Price for Chain and Parts Thereof, of Iron or Steel in Austria (FOB) - 2023
In December 2023, the average export price for chain and parts thereof, of iron or steel amounted to $10,570 per ton, jumping by 21% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.3%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was Switzerland ($13,780 per ton), while the average price for exports to Australia ($5,897 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Chain and Parts Thereof, of Iron or Steel in Austria (CIF) - 2023
The average import price for chain and parts thereof, of iron or steel stood at $8,672 per ton in December 2023, with a decrease of -3.5% against the previous month. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 when the average import price increased by 53% month-to-month. As a result, import price reached the peak level of $12,380 per ton. From October 2023 to December 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Mexico ($12,396 per ton), while the price for China ($4,257 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Slovenia (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Chain and Parts Thereof, of Iron or Steel in Austria
Exports of chain and parts thereof, of iron or steel from Austria declined slightly to 15K tons in 2022, falling by -5% compared with 2021. In general, exports recorded a slight setback. The most prominent rate of growth was recorded in 2021 when exports increased by 17%. As a result, the exports reached the peak of 16K tons, and then reduced modestly in the following year.
In value terms, exports of chain and parts thereof, of iron or steel reduced modestly to $119M in 2022. The total export value increased at an average annual rate of +3.0% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 30% against the previous year. As a result, the exports reached the peak of $120M, and then contracted modestly in the following year.
Export of Chain and Parts Thereof, of Iron or Steel in Austria (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 27.1 | 24.2 | 29.7 | 30.0 | 3.4% |
United States | 13.5 | 11.7 | 16.9 | 17.3 | 8.6% |
Italy | 11.3 | 7.4 | 10.9 | 9.3 | -6.3% |
Switzerland | 5.3 | 4.8 | 6.9 | 6.7 | 8.1% |
Mexico | 3.9 | 3.8 | 5.0 | 5.7 | 13.5% |
France | 5.0 | 3.0 | 5.2 | 4.2 | -5.6% |
Netherlands | 4.8 | 3.5 | 4.1 | 4.0 | -5.9% |
Chile | 4.3 | 4.0 | 2.2 | 4.0 | -2.4% |
China | 1.8 | 2.0 | 1.8 | 3.4 | 23.6% |
Czech Republic | 3.6 | 2.5 | 3.1 | 2.7 | -9.1% |
Australia | 1.4 | 2.5 | 3.3 | 2.5 | 21.3% |
Poland | 2.0 | 1.7 | 2.5 | 2.4 | 6.3% |
South Africa | 1.6 | 1.0 | 1.6 | 2.1 | 9.5% |
Others | 23.0 | 20.4 | 26.6 | 24.2 | 1.7% |
Total | 109 | 92.6 | 120 | 119 | 3.0% |
Top Export Markets for Chain and Parts Thereof, of Iron or Steel from Austria in 2022:
- Germany (4.2K tons)
- United States (2.1K tons)
- Italy (1.1K tons)
- Netherlands (0.8K tons)
- Czech Republic (0.6K tons)
- Chile (0.6K tons)
- France (0.5K tons)
- Switzerland (0.5K tons)
- Mexico (0.4K tons)
- Poland (0.4K tons)
- Australia (0.4K tons)
- South Africa (0.3K tons)
- China (0.3K tons)
Imports of Chain and Parts Thereof, of Iron or Steel in Austria
In 2022, approx. 16K tons of chain and parts thereof, of iron or steel were imported into Austria; reducing by -6.4% against the previous year's figure. Overall, imports recorded a pronounced slump. The smallest decline of -0.7% was in 2021.
In value terms, imports of chain and parts thereof, of iron or steel fell to $118M in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 19% against the previous year. As a result, imports reached the peak of $122M, and then declined slightly in the following year.
Import of Chain and Parts Thereof, of Iron or Steel in Austria (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 47.0 | 41.1 | 49.2 | 52.6 | 3.8% |
Czech Republic | 18.8 | 24.5 | 28.2 | 16.8 | -3.7% |
Italy | 17.8 | 15.4 | 18.7 | 16.3 | -2.9% |
China | 5.1 | 3.7 | 4.0 | 7.9 | 15.7% |
Mexico | 6.8 | 5.9 | 6.3 | 6.7 | -0.5% |
Taiwan (Chinese) | 1.7 | 1.4 | 1.8 | 3.1 | 22.2% |
Slovenia | 1.2 | 0.9 | 1.2 | 2.3 | 24.2% |
Finland | 2.7 | 1.7 | 2.3 | 2.1 | -8.0% |
Others | 14.8 | 7.7 | 10.0 | 10.1 | -12.0% |
Total | 116 | 102 | 122 | 118 | 0.6% |
Top Suppliers of Chain and Parts Thereof, of Iron or Steel to Austria in 2022:
- Germany (5.5K tons)
- Czech Republic (3.6K tons)
- Italy (2.2K tons)
- China (2.0K tons)
- Taiwan (Chinese) (0.5K tons)
- Mexico (0.5K tons)
- Slovenia (0.4K tons)
- Finland (0.3K tons)
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