Textile Wall Covering Market Overview in Austria
Market Overview
In 2019, after three years of growth, there was significant decline in the Austrian textile wall covering market, when its value decreased by -
% to $. Over the period under review, consumption, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of % against the previous year. Textile wall covering consumption peaked at $ in 2018, and then shrank rapidly in the following year.
% to $. Over the period under review, consumption, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of % against the previous year. Textile wall covering consumption peaked at $ in 2018, and then shrank rapidly in the following year.Consumption
In 2019, after three years of growth, there was significant decline in consumption of textile wall coverings, when its volume decreased by -% to square meters. Over the period under review, consumption, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2013 when the consumption volume increased by % y-o-y. Textile wall covering consumption peaked at square meters in 2018, and then declined remarkably in the following year.
The size of the textile wall covering market in Austria declined notably to $ in 2019, waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw prominent growth. The growth pace was the most rapid in 2014 with an increase of % against the previous year. Textile wall covering consumption peaked at $ in 2018, and then declined markedly in the following year.
% to square meters. Over the period under review, consumption, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2013 when the consumption volume increased by % y-o-y. Textile wall covering consumption peaked at square meters in 2018, and then declined remarkably in the following year.The size of the textile wall covering market in Austria declined notably to $
in 2019, waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw prominent growth. The growth pace was the most rapid in 2014 with an increase of % against the previous year. Textile wall covering consumption peaked at $ in 2018, and then declined markedly in the following year.Market Forecast
Driven by increasing demand for textile wall covering in Austria, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +% for the period from 2019 to , which is projected to bring the market volume to square meters by the end of .
% for the period from 2019 to , which is projected to bring the market volume to square meters by the end of .Trade Balance
Austria remains a net importer of textile wall covering; in physical and value terms, imports consistently exceeded exports from 2007 to 2019. In 2019, there was a significant trade deficit of square meters, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
square meters, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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