Austria: Market for Mathematical instruments and equipment; n.e.s. in heading no. 9017 2024

Market Size for Mathematical instruments and equipment; n.e.s. in heading no. 9017 in Austria

The Austrian market for mathematical instruments and equipment; n.e.s. in heading no. Xs skyrocketed to $X in 2023, with an increase of X% against the previous year. In general, consumption, however, continues to indicate a significant expansion. Consumption of peaked in 2023 and is likely to continue growth in the immediate term.

Production of Mathematical instruments and equipment; n.e.s. in heading no. X in Austria

In value terms, production of mathematical instruments and equipment; n.e.s. in heading no. Xs soared to $X in 2023 estimated in export price. Over the period under review, production continues to indicate a strong increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Production of peaked in 2023 and is likely to see steady growth in years to come.

Exports of Mathematical instruments and equipment; n.e.s. in heading no. 9017

Exports from Austria

After two years of growth, shipments abroad of mathematical instruments and equipment; n.e.s. in heading no. Xs decreased by X% to X units in 2023. Over the period under review, exports saw a deep downturn. The pace of growth appeared the most rapid in 2022 when exports increased by X% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, exports of mathematical instruments and equipment; n.e.s. in heading no. Xs rose slightly to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for exports of mathematical instruments and equipment; n.e.s. in heading no. Xs from Austria, accounting for a X% share of total exports. Moreover, exports of mathematical instruments and equipment; n.e.s. in heading no. Xs to Germany exceeded the volume sent to the second major destination, Hungary (X units), threefold. Italy (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (X% per year) and Italy (X% per year).

In value terms, Germany ($X) remains the key foreign market for mathematical instruments and equipment; n.e.s. in heading no. Xs exports from Austria, comprising X% of total exports. The second position in the ranking was taken by Hungary ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (X% per year) and Italy (X% per year).

Export Prices by Country

In 2023, the average export price for mathematical instruments and equipment; n.e.s. in heading no. Xs amounted to $X per unit, jumping by X% against the previous year. In general, the export price recorded a strong expansion. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The export price peaked in 2023 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Romania ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mathematical instruments and equipment; n.e.s. in heading no. 9017

Imports into Austria

In 2023, purchases abroad of mathematical instruments and equipment; n.e.s. in heading no. Xs decreased by X% to X units for the first time since 2011, thus ending a eleven-year rising trend. In general, imports recorded a noticeable curtailment. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at X units in 2022, and then dropped significantly in the following year.

In value terms, imports of mathematical instruments and equipment; n.e.s. in heading no. Xs rose to $X in 2023. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports of failed to regain momentum.

Imports by Country

Germany (X units), China (X units) and the UK (X units) were the main suppliers of imports of mathematical instruments and equipment; n.e.s. in heading no. Xs to Austria, with a combined X% share of total imports. Switzerland, the Netherlands, Slovakia, Poland and Slovenia lagged somewhat behind, together comprising a further X%.

From 2020 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of mathematical instruments and equipment; n.e.s. in heading no. Xs to Austria, comprising X% of total imports. The second position in the ranking was taken by the UK ($X), with a X% share of total imports. It was followed by China, with an X% share.

From 2020 to 2023, the average annual growth rate of value from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and China (X% per year).

Import Prices by Country

In 2023, the average import price for mathematical instruments and equipment; n.e.s. in heading no. Xs amounted to $X per unit, with an increase of X% against the previous year. Over the last three-year period, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for Slovakia ($X per unit) was amongst the lowest.

From 2020 to 2023, the most notable rate of growth in terms of prices was attained by Slovenia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform