Austria: Alkyd Resins Market 2024

Alkyd Resins Market Size in Austria

In 2022, the Austrian alkyd resins market increased by X% to $X for the first time since 2018, thus ending a three-year declining trend. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level in 2022 and is likely to see steady growth in years to come.

Alkyd Resins Production in Austria

In value terms, alkyd resins production fell modestly to $X in 2022 estimated in export price. Overall, production saw a slight contraction. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Alkyd Resins Exports

Exports from Austria

After two years of growth, shipments abroad of alkyd resins in primary forms decreased by X% to X tons in 2022. Over the period under review, exports continue to indicate a noticeable setback. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, alkyd resins exports dropped to $X in 2022. In general, exports showed a perceptible decline. The pace of growth was the most pronounced in 2021 when exports increased by X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for alkyd resins exports from Austria, accounting for a X% share of total exports. Moreover, alkyd resins exports to Germany exceeded the volume sent to the second major destination, Norway (X tons), fivefold. The third position in this ranking was held by the United States (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (X% per year) and the United States (X% per year).

In value terms, Germany ($X) remains the key foreign market for alkyd resins in primary forms exports from Austria, comprising X% of total exports. The second position in the ranking was held by Norway ($X), with a X% share of total exports. It was followed by the United States, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (X% per year) and the United States (X% per year).

Export Prices by Country

The average alkyd resins export price stood at $X per ton in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (X%), while the prices for the other major destinations experienced more modest paces of growth.

Alkyd Resins Imports

Imports into Austria

In 2022, the amount of alkyd resins in primary forms imported into Austria reduced dramatically to X tons, declining by X% compared with the year before. In general, imports saw a pronounced decrease. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, alkyd resins imports dropped to $X in 2022. Over the period under review, imports saw a perceptible descent. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Germany (X tons), Slovenia (X tons) and the Netherlands (X tons) were the main suppliers of alkyd resins imports to Austria, together accounting for X% of total imports. The Czech Republic, Italy and Croatia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Croatia (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X) constituted the largest supplier of alkyd resins in primary forms to Austria, comprising X% of total imports. The second position in the ranking was taken by Slovenia ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The average alkyd resins import price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price recorded a slight increase. As a result, import price reached 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 Italy ($X per ton), while the price for Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Croatia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform