Silicones in primary forms market in Austria

Earlier Report Observations

In 2018, the silicone market in Austria reached a size of $126.8 million, supported by established demand from construction, automotive, electronics, and medical technology sectors, with a focus on specialized silicones over cheaper alternatives. Industry projections at the time anticipated steady annual growth, reflecting the material's role in these key industries.

The market contracted to $116.0 million by 2020. Subsequently, a recovery phase began, driven from 2022 by rising automotive production and stricter environmental regulations for emissions, which increased the need for automotive silicones that aid in vehicle weight reduction and pollution control. Major companies, including Wacker Chemie AG, reported stronger sales in their silicone divisions due to robust demand for specialty and semiconductor-grade products.

This momentum carried the market to $131.5 million by 2023. Investments by key players in capacity expansions and product innovation, alongside growing sectors like renewable energy and personal care in Austria, provided further support for silicone consumption across various industrial applications.

Production silicones in primary forms in Austria

In value, 2017-2020, K $ US

In 2020, Austria's output of silicones in primary forms was valued at 39 705 thousand US dollars, reflecting a 20.2% year-over-year increase. Between 2017 and 2020, production grew by 36.5%, which translates to an annualized growth rate of 10.9%.

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

In kind, 2017-2020, t

In 2020, Austria produced 4 877 tonnes of silicones in primary forms, marking a 2.5% increase compared to 2019. From 2017 to 2020, production rose by 25.1%, equating to an annualized rate of 7.8%.

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

Exports silicones in primary forms from Austria

Exports in kind, t

In 2020, Austria exported 1 511 tonnes of silicones in primary forms, representing a 16.2% decline from the previous year. The lowest volume was recorded in 2018 at 1 385 tonnes, while the peak occurred in 2019 with 1 802 tonnes. The largest year-on-year increase was in 2019, at 30.1%.

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

Between 2017 and 2020, Austria's exports of silicones in primary forms were widely distributed across partner countries. Germany accounted for 25.5% of exports in kind, Czechia for 12.4%, and Hungary for 9.6%. Together, these three countries represented only 47.5% 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

Austria's exports of silicones in primary forms declined for the second consecutive year. In 2020, exports stood at 11.0 million US dollars, showing a 5.1% decrease compared to 2019. Between 2017 and 2020, exports increased by 3.4%, which corresponds to an annualized growth rate of 1.1%. The highest value was recorded in 2018 at 11.7 million US dollars, with the largest year-on-year increase of 10.1% also occurring that year.

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

From 2017 to 2020, Austria supplied silicones in primary forms to a broad range of markets. Germany accounted for 18.3% of exports in value terms, Czechia for 10.9%, and Hungary for 10.6%. Combined, these three countries made up only 39.7% of total export value, while numerous smaller destinations constituted the remaining 60.3%.

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

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

Imports silicones in primary forms to Austria

Imports in kind, t

Austria's imports of silicones in primary forms increased for the third consecutive year. In 2020, imports reached 21 587 tonnes, indicating a strong 21.1% uptick compared to the previous year. Over the period from 2017 to 2020, imports grew by 72.7%, with a compound annual growth rate of 20.0%.

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

Between 2017 and 2020, Germany played a dominant role in Austria's imports of silicones in primary forms in kind, holding an 82.0% share of total flows. The remainder was distributed across various other partner countries.

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

Austria's imports of silicones in primary forms declined for the second consecutive year. In 2020, imports came to 87.2 million US dollars, showing a 5.7% year-over-year contraction. Between 2017 and 2020, imports increased by 10.3%, equating to an annualized growth rate of 3.3%. The highest value was recorded in 2018 at 103.5 million US dollars, with the largest year-on-year increase of 30.9% also in 2018. The largest decline occurred in 2019, at 10.6%.

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

From 2017 to 2020, Germany concentrated the majority of Austria's imports of silicones in primary forms in value terms, accounting for 79.3% of total flows. The remaining share was fragmented among other markets.

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

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