Portland cement market in Austria

Earlier Report Observations

The Austrian Portland cement market showed initial stability, with volume hovering around 5 million tons between 2018 and 2020. A significant expansion occurred in 2021, as the market grew by over 10% to reach 5.5 million tons. This peak was short-lived, however, followed by a steep contraction that brought volume down to 5.1 million tons in 2022 and then to 4.1 million tons in 2023.

The decline in market volume continued into 2024, falling to 3.9 million tons. This was driven by a pronounced downturn in the construction sector, where real value added dropped by 3.5%. High construction costs, increased material prices, and a labor shortage restrained new building activity. Furthermore, tighter lending rules and rising interest rates since 2022 led to a correction in the real estate market, directly reducing demand for cement.

Production portland cement in Austria

In value, 2017-2020, M $ US

In 2020, Austria's portland cement production was valued at 404.5 million US dollars, showing a modest year-over-year improvement of 2.1%. Over the period from 2017 to 2020, production grew by 3.6%, which translates to an annualized rate of 1.2%. The peak value occurred in 2018 at 428.6 million US dollars. The most significant decline was in 2019, with a drop of 7.5%, while the largest increase was recorded in 2018 at 9.8%.

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

In kind, 2017-2020, K t

Austria's portland cement production declined for the second consecutive year. In 2020, output remained stable year-on-year at 4 508 thousand tonnes. From 2017 to 2020, production decreased by 3.3%, with a compound annual growth rate of -1.1%. The highest production level was in 2018 at 4 811 thousand tonnes. The most substantial decline occurred in 2019, falling by 6.1%, while the largest increase was in 2018 at 3.2%.

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

Exports portland cement from Austria

Exports in kind, K t

After a two-year decline, portland cement exports from Austria increased in 2020. Exports reached 523 thousand tonnes, reflecting a strong rise of 11.7% compared to 2019. Between 2017 and 2020, exports grew by 4.6%, equating to an annualized rate of 1.5%. The lowest export volume was in 2019 at 469 thousand tonnes. The most significant drop occurred in 2018, with a decline of 5.3%.

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

From 2017 to 2020, Slovenia, Hungary, and Germany were the leading destinations for Austria's portland cement exports in kind. Slovenia accounted for 40.7% of exports, Hungary for 20.8%, and Germany for 19.8%. Together, these three countries represented 81.3% 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

Portland cement exports from Austria increased for the third consecutive year. In 2020, export value totaled 38 440 thousand US dollars, marking a significant rise of 19.4% compared to the previous year. Over the period from 2017 to 2020, exports grew by 21.9%, with a compound annual growth rate of 6.8%.

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

From 2017 to 2020, Slovenia, Germany, and Hungary stood out as the main markets for Austria's portland cement exports in value terms. Slovenia contributed 34.8% of export value, Germany 26.0%, and Hungary 17.5%. Collectively, these three countries accounted for 78.3% of total export flows.

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

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

Imports portland cement to Austria

Imports in kind, K t

Austria's portland cement imports increased for the second consecutive year. In 2020, imports reached 1 009 thousand tonnes, showing a small gain of 1.0% relative to the prior year. Over the period from 2017 to 2020, imports rose by 26.3%, with a compound annual growth rate of 8.1%. The lowest import volume was in 2018 at 667 thousand tonnes. The most significant decline occurred in 2018, with a drop of 16.5%, while the largest increase was in 2019 at 49.6%.

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

Throughout 2017 to 2020, Slovakia, Germany, and Switzerland were the key sources for Austria's portland cement imports in kind. Slovakia accounted for 34.7% of imports, Germany for 34.6%, and Switzerland for 13.3%. Together, these three countries made up 82.6% 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

Portland cement imports into Austria increased for the second consecutive year. In 2020, imports totaled 88 013 thousand US dollars, constituting a gain of 6.9% year-over-year. Over the period from 2017 to 2020, imports surged by 53%, with a compound annual growth rate of 15.2%. The lowest import value was in 2018 at 52 052 thousand US dollars. The most significant decline occurred in 2018, with a drop of 9.5%, while the largest increase was in 2019 at 58.2%.

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

From 2017 to 2020, Germany, Slovakia, and Switzerland headed the ranking of suppliers of portland cement to Austria in value terms. Germany accounted for 42.5% of import value, Slovakia for 25.8%, and Switzerland for 13.0%. Their combined share reached 81.3% of total imports in value terms.

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

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