Signalling, safety or traffic control equipment for railways or tramways excluding railway signalling of heading 8608 market in Austria

Earlier Report Observations

The market for railway signaling equipment in Austria grew from 199.3 million US dollars in 2018 to 209.5 million in 2019, before contracting sharply to 159.6 million in 2020. This decline extended into 2021, when the market volume fell to 125.3 million, partly influenced by storm damage that rendered the Pinzgaubahn line impassable, disrupting infrastructure projects and dampening immediate demand for new equipment.

The downward trend continued at a slower pace in 2022, with the market size reaching 114.7 million. A recovery began in 2023, lifting the market to 120.2 million, stimulated by the integration of Graz-Köflacher Bahn's infrastructure into ÖBB-Infrastruktur AG and communicated changes to network usage rules that encouraged investments in modern signaling systems. This growth was sustained in 2024, with the market reaching 121.8 million.

The 2024 market stabilization was supported by the entry into force of a revised railway law in July, which deregulated freight tariffs and simplified market access, alongside the presentation of new signaling platforms like Siemens' Signaling X, which promoted technological renewal in the sector.

Production railway and tramway signalling equipment in Austria

In value, 2017-2020, M $ US

In 2020, Austria's production of signalling, safety, or traffic control equipment for railways or tramways (excluding railway signalling under heading 8608) was valued at 188.9 million US dollars, marking a significant 20.1% decrease compared to 2019. Over the period from 2017 to 2020, production declined by 12.7%, with a compound annual growth rate (CAGR) of -4.4%. The highest production value was recorded in 2019 at 236.5 million US dollars, which also saw the largest annual increase of 9.9%.

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

Exports railway and tramway signalling equipment from Austria

Exports in kind, t

Austria's exports of signalling, safety, or traffic control equipment for railways or tramways (excluding railway signalling under heading 8608) grew for the second consecutive year in 2020, reaching 208.5 tonnes. This represented a sharp gain of 39.9% compared to the previous year. From 2017 to 2020, exports increased by 75.3%, equating to an annualized growth rate of 20.6%. The lowest export volume was recorded in 2018 at 112.9 tonnes, which also experienced the largest decline of 5.1%.

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

Between 2017 and 2020, Austria exported signalling, safety, or traffic control equipment for railways or tramways (excluding railway signalling under heading 8608) to numerous countries. Even the top destinations—the United Kingdom, China, and Poland—collectively accounted for only 32.0% of total exports in kind, indicating a diversified trade structure.

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 signalling, safety, or traffic control equipment for railways or tramways (excluding railway signalling under heading 8608) increased for the third consecutive year in 2020, reaching 36,864 thousand US dollars. This corresponded to a rise of 5.4% compared to the previous year. Over the period from 2017 to 2020, exports grew by 45.7%, with a compound annual growth rate (CAGR) of 13.4%.

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

From 2017 to 2020, no single market dominated Austria's exports of signalling, safety, or traffic control equipment for railways or tramways (excluding railway signalling under heading 8608) in value terms. China (10.4% of exports), Czechia (8.3%), and the United Kingdom (8.3%) together accounted for only 27.0% of total exports, while many smaller partners each held modest individual shares.

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

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

Imports railway and tramway signalling equipment to Austria

Imports in kind, t

After a two-year decline, Austria's imports of signalling, safety, or traffic control equipment for railways or tramways (excluding railway signalling under heading 8608) increased in 2020, totaling 136.3 tonnes. This represented a gain of 53.2% compared to the previous year. However, over the period from 2017 to 2020, imports decreased by 17%, equating to an annualized decline of 6.0%. The lowest import volume was recorded in 2019 at 89.0 tonnes, which also saw the largest decline of 32.1%.

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

From 2017 to 2020, Germany remained the dominant source for Austria's imports of signalling, safety, or traffic control equipment for railways or tramways (excluding railway signalling under heading 8608) in kind, holding an 85.9% share of total flows. The remainder was fragmented across other markets.

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

Austria's imports of signalling, safety, or traffic control equipment for railways or tramways (excluding railway signalling under heading 8608) declined for the second consecutive year in 2020, amounting to 7,524 thousand US dollars. This indicated a year-on-year fall of 5.1%. Over the period from 2017 to 2020, imports increased by 8.4%, with a compound annual growth rate (CAGR) of 2.7%. The highest import value was recorded in 2018 at 9,519 thousand US dollars, which also experienced the largest increase of 37.2%. In contrast, 2019 saw the largest decline of 16.7%.

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

Throughout 2017 to 2020, Germany (50.4% of imports in value terms), South Korea (25.6%), and Switzerland (8.8%) played leading roles in Austria's imports of signalling, safety, or traffic control equipment for railways or tramways (excluding railway signalling under heading 8608). Together, they accounted for 84.7% 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