Diamond abrasive wheels and stones market in Austria

Earlier Report Observations

The Austrian market for diamond abrasive wheels and stones, measured in physical volume, started at 743 tons in 2018 and increased to 874 tons in 2019. After a contraction to 710 tons in 2020, the market rebounded strongly to reach a peak of 901 tons in 2021.

Following the 2021 high, market volume declined to 834 tons in 2022, experienced a modest recovery to 859 tons in 2023, and then fell sharply to 552 tons in 2024. In value terms, the market showed its highest point at $30.4 million in 2021, but overall decreased from $29.9 million in 2018 to $24.9 million by the end of the period.

Production diamond abrasive wheels and stones in Austria

In value, 2017-2020, K $ US

Austria's production of diamond abrasive wheels and stones declined for the second year in a row. In 2020, output was valued at 59,156 thousand US dollars, representing a significant decrease of 19.9% compared to 2019. Over the period from 2017 to 2020, production grew by 9.9%, with an average annual growth rate of 3.2%. The peak value was recorded in 2018 at 77,404 thousand US dollars, which also saw the largest increase of 43.7%.

Annual dynamics of production in Austria in value, 2017-2020, K $ US

In kind, 2017-2020, t

Market performance showed notable fluctuations during this period. The lowest production volume was recorded in 2017, while the highest was in 2019, with a six-fold difference between these years. In 2020, Austria produced 1,321 tonnes of diamond abrasive wheels and stones, marking a contraction of 7.4% from the previous year. The maximum volume was reached in 2019 at 1,427 tonnes, and the largest increase occurred in 2018 with a jump of 497.6%.

Annual dynamics of production in Austria in kind, 2017-2020, t

Exports diamond abrasive wheels and stones from Austria

Exports in kind, t

Following two years of growth, Austria's exports of diamond abrasive wheels and stones declined. In 2020, the country exported 1,994 tonnes, down by 2.0% compared to 2019. Between 2017 and 2020, exports increased by 11%, equating to an annualized growth rate of 3.6%. The peak export volume was recorded in 2019 at 2,034 tonnes, and the largest increase was in 2018 at 12.2%.

Annual dynamics of product's exports from Austria in kind, 2017-2020, t

From 2017 to 2020, Austria's exports of diamond abrasive wheels and stones were distributed across a wide range of markets. Germany accounted for 31.7% of exports in kind, France for 6.9%, and Czechia for 6.2%. Together, these three countries represented 44.8% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Austria in kind, 2017-2020

Exports in value, K $ US

Austria's foreign supplies of diamond abrasive wheels and stones declined for the second consecutive year. In 2020, exports totaled 74,443 thousand US dollars, equivalent to a decrease of 12.7% compared to 2019. Over the period from 2017 to 2020, exports decreased by 4.8%, with a compound annual growth rate of -1.6%. The maximum value was recorded in 2018 at 88,220 thousand US dollars, which also saw the largest increase of 12.8%.

Annual dynamics of product's exports from Austria in value, 2017-2020, K $ US

The structure of exports in value terms from 2017 to 2020 can be described as diversified. Germany accounted for 29.8% of exports in value terms, Czechia for 7.4%, and Italy for 7.1%. Together, these three countries represented 44.4% of total flows, with no single country holding a clearly dominant position.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Austria in value, 2017-2020

Imports diamond abrasive wheels and stones to Austria

Imports in kind, t

After a two-year rise, Austria's imports of diamond abrasive wheels and stones declined. In 2020, the country imported 1,481 tonnes, showing a moderate decline of 6.7% compared to 2019. Over the period from 2017 to 2020, imports increased by 11.4%, with an average annual growth rate of 3.7%. The peak import volume was recorded in 2019 at 1,481 tonnes, which also saw the largest increase of 10.0%.

Annual dynamics of product's imports to Austria in kind, 2017-2020, t

From 2017 to 2020, Hungary, Germany, and China were the largest contributors to Austria's imports of diamond abrasive wheels and stones in kind. Hungary accounted for 21.3% of imports, Germany for 21.2%, and China for 19.5%. Together, these three countries represented 62.0% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Austria in kind, 2017-2020

Imports in value, K $ US

Deliveries of diamond abrasive wheels and stones to Austria declined for the second consecutive year. In 2020, imports totaled 38,775 thousand US dollars, marking a slight decline of 1.4% year-over-year. Between 2017 and 2020, imports increased by 5.9%, equating to an annualized growth rate of 1.9%. The maximum value was recorded in 2018 at 40,739 thousand US dollars, which saw the largest increase of 11.2%, while the largest decline occurred in 2019 at 3.4%.

Annual dynamics of product's imports to Austria in value, 2017-2020, K $ US

From 2017 to 2020, Germany, China, and Thailand were the main sources for Austria's imports of diamond abrasive wheels and stones in value terms. Germany accounted for 23.2% of imports, China for 15.1%, and Thailand for 13.8%. Together, these three countries represented 52.1% of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Austria in value, 2017-2020