PU in primary forms market in Austria

Earlier Report Observations

The Austrian market for polyurethanes in primary forms showed considerable movement between 2019 and 2024. In physical terms, market volume rose from 29 thousand t in 2019 to over 30 thousand t in 2021, then fell to 26.3 thousand t in 2023 and 25.7 thousand t in 2024. In value terms, the market followed a similar trajectory, peaking at 134.2 million USD in 2021 before dropping to 125.3 million USD in 2023 and 113.4 million USD in 2024.

During this period, domestic production increased from 7.2 thousand t in 2020 to 9.8 thousand t in 2024, while imports declined from 27.8 thousand t in 2019 to 23.9 thousand t in 2024. Exports also varied, rising to 8 thousand t in 2024 from 6 thousand t in 2023. These changes in production and trade flows were associated with the fluctuations in overall market size.

Production PU in primary forms in Austria

In value, 2017-2020, K $ US

In 2020, Austria's production of polyurethane in primary forms was valued at 28,916 thousand US dollars, marking a 9.1% contraction compared to 2019. Over the period from 2017 to 2020, production decreased by 3.6%, which translates to an annualized decline of 1.2%.

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

In kind, 2017-2020, t

In 2020, Austria produced 7,180 tonnes of polyurethane in primary forms, reflecting a modest 5.3% drop from the previous year. Between 2017 and 2020, production fell by 11%, equating to an annualized decrease of 3.8%.

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

Exports PU in primary forms from Austria

Exports in kind, t

Cross-border shipments of polyurethane in primary forms from Austria declined for the third consecutive year. In 2020, export volume was recorded at 5,539 tonnes, representing a 13.1% reduction compared to 2019. Over the 2017-2020 period, exports decreased by 18.6%, with a compound annual growth rate of -6.6%.

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

From 2017 to 2020, Germany, Hungary, and China were the main markets for Austria's exports of polyurethane in primary forms by volume. Germany accounted for 34.9% of exports, Hungary for 7.7%, and China for 7.4%, together making up 50.1% 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, M $ US

Exports of polyurethane in primary forms from Austria declined for the second consecutive year. In 2020, export value reached 29.8 million US dollars, indicating a 9.1% fall compared to the previous year. Between 2017 and 2020, exports decreased by 12.9%, equating to an annualized decline of 4.5%. The highest value was recorded in 2018 at 36.9 million US dollars, while the largest decline occurred in 2019 with an 11.3% drop. In contrast, the largest increase was seen in 2018, with an 8.0% rise.

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

From 2017 to 2020, the partner landscape for Austria's exports of polyurethane in primary forms by value was diverse. Germany, Hungary, and China together accounted for 46.4% of total flows, with Germany at 31.6%, Hungary at 7.6%, and China at 7.2%. The remaining 53.6% was distributed among many other countries.

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

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

Imports PU in primary forms to Austria

Imports in kind, t

After a two-year rise, imports of polyurethane in primary forms into Austria declined. In 2020, import volume amounted to 26,057 tonnes, reflecting a modest 6.4% year-over-year reduction. Between 2017 and 2020, imports increased by 4.1%, equating to an annualized growth rate of 1.3%. The peak volume was recorded in 2019 at 27,844 tonnes, while the largest increase occurred in 2018 with a 9.1% rise.

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

From 2017 to 2020, Germany, Belgium, and Italy continued to be the main suppliers of polyurethane in primary forms to Austria by volume. Germany accounted for 59.5% of imports, Belgium for 11.7%, and Italy for 9.0%, jointly forming 80.1% 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, M $ US

Imports of polyurethane in primary forms into Austria declined for the second consecutive year. In 2020, import value totalled 107.9 million US dollars, representing a controlled 7.9% decrease year-over-year. The highest value was recorded in 2018 at 126.1 million US dollars, with the largest increase also occurring in 2018 at 15.5%.

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

Throughout 2017 to 2020, Germany, Italy, and Belgium remained the central markets for Austria's imports of polyurethane in primary forms by value, together accounting for 80.3% 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