Iron or steel stranded wire and ropes market in Austria

Earlier Report Observations

The Austrian market for iron or steel stranded wire and ropes expanded significantly from 12.8 thousand tons in 2018 to a peak of 20.6 thousand tons in 2022, with market value rising from 55.7 million US dollars to 85.9 million US dollars. This growth was supported by technological advances such as the development of a large rotating braiding machine by Niehoff in 2019, which enhanced production efficiency for stranded cables and wires. In 2022, global raw material shortages and supply chain disruptions led to sharp price increases, boosting the market value, while rising demand from the energy sector for wires and cables in advanced infrastructure projects further drove volume growth.

Market volume stabilized at 20.4 thousand tons in 2023 and saw a slight decline to 20.0 thousand tons in 2024, with value remaining high at 86.6 million US dollars in 2024. Continued raw material shortages affected availability and pricing in 2024, offsetting the positive impact from investments in transmission and distribution networks and demand from the construction industry. Technological progress in energy-efficient motors and IoT features in the cable industry was noted in 2023, supporting product development during the stabilization phase.

Production iron or steel stranded wire and ropes in Austria

In value, 2017-2020, K $ US

In 2020, Austria's production of iron or steel stranded wire and ropes was valued at 49 854 thousand US dollars, marking a 10.3% decrease compared to the previous year. The highest production value during the 2017-2020 period was recorded in 2019 at 55 594 thousand US dollars, which also saw the largest annual increase of 3.1%. Overall, production declined by 7.9% over these four years, with an average annual decrease of 2.7%.

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

In kind, 2017-2020, t

Austria produced 14 513 tonnes of iron or steel stranded wire and ropes in 2020, representing a 4.7% year-on-year decline. The lowest production volume in the 2017-2020 period occurred in 2018 at 13 911 tonnes, which also experienced the sharpest annual drop of 23.9%. In contrast, 2019 saw the largest increase of 9.4%. Over the entire four-year span, production fell by 20.6%, with an average annual decline of 7.4%.

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

Exports iron or steel stranded wire and ropes from Austria

Exports in kind, t

Austria's exports of iron or steel stranded wire and ropes grew for the second consecutive year in 2020, reaching 18 697 tonnes—a 1.9% increase from 2019. The lowest export volume during the 2017-2020 period was recorded in 2018 at 18 132 tonnes, which also saw the most significant annual decline of 23.4%. Overall, exports decreased by 21.1% over these four years, with an average annual reduction of 7.6%.

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

From 2017 to 2020, Slovakia, Romania, and Special Categories were the primary buyers of Austria's iron or steel stranded wire and ropes exports by volume. Slovakia accounted for 30.8% of exports, Romania for 19.8%, and Special Categories for 11.0%. Together, these three destinations represented 61.5% of Austria's total exports in kind during this period.

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 exports of iron or steel stranded wire and ropes rebounded in 2020 after two years of decline, reaching 47 202 thousand US dollars—a 6.0% increase from the previous year. The lowest export value in the 2017-2020 period was recorded in 2019 at 44 539 thousand US dollars, while 2018 saw the largest annual decline of 13.8%. Over the four-year span, exports decreased by 17.5%, with an average annual drop of 6.2%.

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

From 2017 to 2020, Slovakia, Special Categories, and Romania were the leading destinations for Austria's iron or steel stranded wire and ropes exports by value. Slovakia accounted for 23.0% of export value, Special Categories for 22.2%, and Romania for 13.8%. Collectively, these three markets represented 59.0% of Austria's total export value during this period.

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

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

Imports iron or steel stranded wire and ropes to Austria

Imports in kind, t

Austria's imports of iron or steel stranded wire and ropes increased in 2020 after two years of decline, totaling 19 019 tonnes—a 14.5% rise compared to 2019. The lowest import volume in the 2017-2020 period was recorded in 2019 at 16 612 tonnes, while 2018 experienced the largest annual decrease of 22.5%. Over the four-year span, imports fell by 13.4%, with an average annual decline of 4.7%.

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

From 2017 to 2020, Germany, Italy, and Switzerland were the main sources of Austria's iron or steel stranded wire and ropes imports by volume. Germany accounted for 37.4% of imports, Italy for 21.4%, and Switzerland for 8.1%. Together, these three countries supplied 66.9% of Austria's total import volume during this period.

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

In 2020, Austria's imports of iron or steel stranded wire and ropes were valued at 52 494 thousand US dollars, reflecting a 3.5% year-on-year increase. The largest annual decline in the 2017-2020 period occurred in 2019 at 0.7%, while 2018 saw the highest annual increase of 4.1%. Overall, imports grew by 7% over these four years, with an average annual growth rate of 2.3%.

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

From 2017 to 2020, Germany, Switzerland, and Italy were the top suppliers of iron or steel stranded wire and ropes to Austria by value. Germany accounted for 47.1% of import value, Switzerland for 16.1%, and Italy for 13.2%. Combined, these three countries represented 76.4% of Austria's total import value during this period.

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

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