Price for Food Preparations Not Elsewhere Specified or Included in Austria - 2023

Contents:

1. Price for Food Preparations Not Elsewhere Specified or Included in Austria (FOB) - 2022
2. Price for Food Preparations Not Elsewhere Specified or Included in Austria (CIF) - 2023
3. Exports of Food Preparations Not Elsewhere Specified or Included in Austria
4. Imports of Food Preparations Not Elsewhere Specified or Included in Austria

Price for Food Preparations Not Elsewhere Specified or Included in Austria (FOB) - 2022

The average export price for food preparations not elsewhere specified or included stood at $4,781 per ton in 2022, declining by -2.7% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 13%. The export price peaked at $4,912 per ton in 2021, and then dropped modestly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($7,906 per ton), while the average price for exports to the Czech Republic ($2,376 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Food Preparations Not Elsewhere Specified or Included in Austria (CIF) - 2023

In November 2023, the average import price for food preparations not elsewhere specified or included amounted to $6,729 per ton, shrinking by -13.8% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 when the average import price increased by 12% m-o-m. Over the period under review, average import prices hit record highs at $7,805 per ton in October 2023, and then contracted in the following month.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Switzerland ($11,106 per ton), while the price for Croatia ($2,457 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Croatia (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Food Preparations Not Elsewhere Specified or Included in Austria

For the fourth consecutive year, Austria recorded growth in overseas shipments of food preparations not elsewhere specified or included, which increased by 4% to 168K tons in 2022. The total export volume increased at an average annual rate of +4.6% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 when exports increased by 7.4%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of food preparations not elsewhere specified or included reached $801M in 2022. The total export value increased at an average annual rate of +9.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 16% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Food Preparations Not Elsewhere Specified or Included from Austria in 2022:

1. Germany (63.6K tons)
2. Italy (10.2K tons)
3. Czech Republic (10.0K tons)
4. Poland (8.7K tons)
5. Switzerland (7.9K tons)
6. Hungary (7.3K tons)
7. Russia (5.6K tons)
8. Turkey (4.8K tons)
9. Croatia (4.8K tons)
10. United States (4.3K tons)
11. Slovenia (3.9K tons)
12. Netherlands (3.8K tons)
13. Romania (3.6K tons)

Imports of Food Preparations Not Elsewhere Specified or Included in Austria

In 2022, the amount of food preparations not elsewhere specified or included imported into Austria totaled 110K tons, approximately reflecting 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 1.9%.

In value terms, imports of food preparations not elsewhere specified or included declined slightly to $648M in 2022. The total import value increased at an average annual rate of +3.9% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 11%. As a result, imports reached the peak of $662M, and then shrank slightly in the following year.

Top Suppliers of Food Preparations Not Elsewhere Specified or Included to Austria in 2022:

1. Germany (55.8K tons)
2. Netherlands (10.7K tons)
3. Croatia (6.7K tons)
4. Poland (5.0K tons)
5. France (4.4K tons)
6. Italy (4.2K tons)
7. Belgium (4.0K tons)
8. Czech Republic (2.9K tons)
9. Slovakia (2.8K tons)
10. Switzerland (2.5K tons)
11. Hungary (1.8K tons)

Source: IndexBox Market Intelligence Platform