Austria’s export of aluminium tubes and pipes during 2019-21 signifies remarkable growth; 2% dip predicted for 2022

Aluminium tubing is used in a wide range of industrial applications from consumer items to recreational merchandise to machine parts to automotive and manufacturing. Since aluminium weighs only one per cent of steel, it is appreciated by consumers for its strength. As a result of this versatile blend of strength and flexibility, aluminium tubing is used effectively in a variety of structures. Due to its lightweight, aluminium tubing can provide a greater volume of tubing per weight than steel tubing. Several products benefit from the use of lighter tubing material, particularly those needing a mobility degree such as wheelchairs and outdoor furnishings.

Austria is one of the wealthiest countries in the world and its economy is forecasted to inflate by 3.6% in 2022 and 1.4% in 2023 though the geo-political crisis has lowered growth prospects.

The landlocked nation in the southern part of Central Europe, Austria exported 15,262 tonnes of aluminium tubes and pipes, attracting revenue of around $60.99 million. In 2019, Austria exported 3313 tonnes of aluminium tubes and pipes, incurring a revenue inflow of $15.66 million, whereas, in 2020, the export saw significant growth by 61.12%, as the export volume surged to 5338 tonnes and the earnings also rose to $20.86 million.

Austria’s export of aluminium tubes and pipes in 2021 reflected a further upsurge by 23.82%, as the export volume inclined to 6610 tonnes and the earnings also scaled up to $24.47 million.

The export for 2022 is predicted to a marginal dip by 1.86%, as the export volume is estimated to fall to 6487 tonnes and the earnings to shrink to $18.11 million.

The major trading destinations for Austria’s export of aluminium tubes and pipes are Czech Rep., Algeria, Croatia, Ivory Coast, Iraq, Morocco, Netherlands, Poland, Romania, Switzerland, etc.