Interchangeable Tool Market Overview in Austria
In value terms, interchangeable tool production dropped dramatically to $ in 2019 estimated in export prices. In general, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 when the production volume increased by % year-to-year. Over the period under review, production reached the peak level at $ in 2018, and then contracted significantly in the following year.
The size of the interchangeable tool market in Austria shrank dramatically to $ in 2019, reducing 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). Over the period under review, the total consumption indicated a perceptible increase from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the market value increased by % against the previous year. Over the period under review, the market attained the maximum level at $ in 2018, and then contracted sharply in the following year.