Earlier Report Observations
The Austrian furniture locks market value increased consistently from 6.7 million US dollars in 2019 to 11.9 million US dollars in 2022. This period was marked by particularly strong growth in 2022, when the market size rose by nearly 30%.
In 2023, the market contracted sharply, with its value falling by roughly 50% to 6.0 million US dollars, which brought it below the level recorded at the start of the period.
Table of content
- 1. Disclaimer
- 2. Terms of use of the report
- 3. Product codes in the statistical classifications used in the report
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In value
- 4.1.1.1. Production, 2019-2023
- 4.1.1.2. Imports, 2018-2024
- 4.1.1.3. Exports, 2018-2024
- 4.1.1.4. Market size, 2019-2023
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4.1.1. In value
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production in Austria
- 5.1.1. In kind, 2019-2023, K unit
- 5.1.2. In value, 2019-2023, K $ US
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5.2. Production in the EU, 2018-2024
- 5.2.1. In kind, 2018-2024, K unit
- 5.2.2. In value, 2018-2024, K $ US
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5.1. Production in Austria
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6. Exports
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6.1. Exports (Direct Data)
- 6.1.1. Exports - Total information
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6.1.2. Exports in kind, t
- 6.1.2.1. Annual dynamics of product's exports from Austria in kind, 2018-2024, t
- 6.1.2.2. Dynamics of product's exports in kind from Austria by countries, 2018-2024, t
- 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
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6.1.3. Exports in value, K $ US
- 6.1.3.1. Annual dynamics of product's exports from Austria in value, 2018-2024, K $ US
- 6.1.3.2. Dynamics of product's exports in value from Austria by countries, 2018-2024, K $ US
- 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
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6.1.4. Average price of product's exports, $ US/kg
- 6.1.4.1. Annual dynamics of average price of product's exports from Austria, 2018-2024, $ US/kg
- 6.1.4.2. Dynamics of average price of product's exports from Austria by countries, 2018-2024, $ US/kg
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6.2. Exports (Mirror Data)
- 6.2.1. Exports - Total information
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6.2.2. Exports in kind, t
- 6.2.2.1. Annual dynamics of product's exports from Austria in kind, 2018-2024, t
- 6.2.2.2. Dynamics of product's exports in kind from Austria by countries, 2018-2024, t
- 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
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6.2.3. Exports in value, K $ US
- 6.2.3.1. Annual dynamics of product's exports from Austria in value, 2018-2024, K $ US
- 6.2.3.2. Dynamics of product's exports in value from Austria by countries, 2018-2024, K $ US
- 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
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6.2.4. Average price of product's exports, $ US/kg
- 6.2.4.1. Annual dynamics of average price of product's exports from Austria, 2018-2024, $ US/kg
- 6.2.4.2. Dynamics of average price of product's exports from Austria by countries, 2018-2024, $ US/kg
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6.1. Exports (Direct Data)
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7. Imports
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7.1. Imports (Direct Data)
- 7.1.1. Imports - Total information
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7.1.2. Imports in kind, t
- 7.1.2.1. Annual dynamics of product's imports to Austria in kind, 2018-2024, t
- 7.1.2.2. Dynamics of product's imports in kind to Austria by countries, 2018-2024, t
- 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
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7.1.3. Imports in value, K $ US
- 7.1.3.1. Annual dynamics of product's imports to Austria in value, 2018-2024, K $ US
- 7.1.3.2. Dynamics of product's imports in value to Austria by countries, 2018-2024, K $ US
- 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
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7.1.4. Average price of product's imports, $ US/kg
- 7.1.4.1. Annual dynamics of average price of product's imports to Austria, 2018-2024, $ US/kg
- 7.1.4.2. Dynamics of average price of product's imports to Austria by countries, 2018-2024, $ US/kg
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7.2. Imports (Mirror Data)
- 7.2.1. Imports - Total information
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7.2.2. Imports in kind, t
- 7.2.2.1. Annual dynamics of product's imports to Austria in kind, 2018-2024, t
- 7.2.2.2. Dynamics of product's imports in kind to Austria by countries, 2018-2024, t
- 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
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7.2.3. Imports in value, K $ US
- 7.2.3.1. Annual dynamics of product's imports to Austria in value, 2018-2024, K $ US
- 7.2.3.2. Dynamics of product's imports in value to Austria by countries, 2018-2024, K $ US
- 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
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7.2.4. Average price of product's imports, $ US/kg
- 7.2.4.1. Annual dynamics of average price of product's imports to Austria, 2018-2024, $ US/kg
- 7.2.4.2. Dynamics of average price of product's imports to Austria by countries, 2018-2024, $ US/kg
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7.1. Imports (Direct Data)
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8. Trade balance
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8.1. Trade balance (Direct Data)
- 8.1.1. In kind, t
- 8.1.2. In value, K $ US
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8.2. Trade balance (Mirror Data)
- 8.2.1. In kind, t
- 8.2.2. In value, K $ US
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8.1. Trade balance (Direct Data)
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9. Top buying and selling countries, 2018-2024
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9.1. Direct Data
- 9.1.1. Import in Value by Countries-buyers
- 9.1.2. Export in Value by Countries-suppliers
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9.2. Mirror Data
- 9.2.1. Import in Value by Countries-buyers
- 9.2.2. Export in Value by Countries-suppliers
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9.1. Direct Data
Production furniture locks in Austria
In value, 2017-2020, K $ US
In 2020, Austria's furniture locks production was valued at 13 607 K $ US, marking a significant contraction of 12.0% compared to 2019.
Annual dynamics of production in Austria in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | n/a | n/a | (12.0%) | - |
Exports furniture locks from Austria
Exports in kind, t
After two years of growth, Austria's furniture locks exports declined in volume. In 2020, exports amounted to 83.3 t, representing a steep loss of 25.2% from 2019. The maximum volume was recorded in 2019 at 111.3 t. Between 2017 and 2020, exports increased by 8.9%, equating to an annualized growth rate of 2.9%. The largest annual increase occurred in 2018, at 27.4%.
Annual dynamics of product's exports from Austria in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 27.4% | 14.2% | (25.2%) | 2.9% |
From 2017 to 2020, Germany (34.5% of exports in kind), Estonia (9.3%), and Switzerland (6.8%) were the largest buyers of furniture locks from Austria, together accounting for 50.6% of total exports in kind.
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
Following two years of growth, Austria's furniture locks exports declined in value. In 2020, exports reached 14 709 K $ US, a decline of 22.7% compared to 2019. The maximum value was recorded in 2019 at 19 027 K $ US. Over the period 2017-2020, exports increased by 25.3%, with a compound annual growth rate (CAGR) of 7.8%. The largest annual increase was in 2018, at 46.2%.
Annual dynamics of product's exports from Austria in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 46.2% | 10.9% | (22.7%) | 7.8% |
From 2017 to 2020, Germany (40.1% of exports in value terms), Switzerland (7.0%), and Italy (5.1%) remained the principal buyers of furniture locks from Austria, jointly accounting for 52.2% of total exports in value terms.
Structure of product's exports in value by countries, 2017-2020
World map of product's exports from Austria in value, 2017-2020
Imports furniture locks to Austria
Imports in kind, t
Austria imported 158.4 t of furniture locks in 2020, corresponding to a reduction of 32.8% compared to the previous year. The maximum volume was recorded in 2019 at 235.6 t. Over the period 2017-2020, imports decreased by 29.3%, with a compound annual growth rate (CAGR) of -10.9%. The largest annual increase occurred in 2019, at 5.1%.
Annual dynamics of product's imports to Austria in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 0.0% | 5.1% | (32.8%) | (10.9%) |
Throughout 2017–2020, Germany (60.6% of imports in kind), Romania (10.1%), and Bosnia and Herzegovina (8.4%) formed the core group of markets for Austria's furniture locks imports, together representing 79.0% of total 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
After two years of growth, Austria's furniture locks imports declined in value. In 2020, import volume stood at 8 882 K $ US, showing a solid decline of 13.0% compared to the previous year. The maximum value was recorded in 2019 at 10 209 K $ US. Between 2017 and 2020, imports decreased by 8.4%, equating to an annualized decline rate of 2.9%. The largest annual increase was recorded in 2018, at 5.0%.
Annual dynamics of product's imports to Austria in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 5.0% | 0.2% | (13.0%) | (2.9%) |
In 2017–2020, Germany (39.5% of imports in value terms), Romania (29.2%), and Hungary (17.8%) accounted for the largest share of Austria's furniture locks imports in value terms, together comprising 86.4% of total flows.
Structure of product's imports in value by countries, 2017-2020
World map of product's imports to Austria in value, 2017-2020
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