Austria: Almond Market Overview 2021

Almond Market Size in Austria

The Austrian almond market stood at $X in 2019, remaining stable against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level in 2019 and is likely to continue growth in the near future.

Almond Production in Austria

In value terms, almond production expanded remarkably to $X in 2019 estimated in export prices. In general, the total production indicated a resilient expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +X% against 2015 indices. The growth pace was the most rapid in 2013 with an increase of X% year-to-year. Almond production peaked in 2019 and is likely to see steady growth in years to come.

The average yield of almonds in Austria stood at X kg per ha in 2019, remaining relatively unchanged against the previous year's figure. Overall, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, the almond harvested area in Austria totaled X ha, leveling off at the year before. Overall, the harvested area showed a relatively flat trend pattern.

Almond Exports

Exports from Austria

Almond exports from Austria soared to X tonnes in 2019, picking up by X% compared with the previous year. Over the period under review, exports continue to indicate a significant increase. As a result, exports reached the peak and are likely to continue growth in the immediate term.

In value terms, almond exports surged to $X in 2019. Overall, exports enjoyed a significant expansion. As a result, exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tonnes) was the main destination for almond exports from Austria, with a X% share of total exports. Moreover, almond exports to Germany exceeded the volume sent to the second major destination, Ukraine (X tonnes), ninefold. Belgium (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual growth rate of volume to Germany totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (X% per year) and Belgium (+X% per year).

In value terms, Germany ($X) remains the key foreign market for almond exports from Austria, comprising X% of total exports. The second position in the ranking was occupied by Ukraine ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to Germany stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (X% per year) and the UK (+X% per year).

Export Prices by Country

The average almond export price stood at $X per tonne in 2019, with an increase of X% against the previous year. Over the period under review, export price indicated a resilient increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, almond export price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% year-to-year. The export price peaked in 2019 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was the UK ($X per tonne), while the average price for exports to Germany ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Belgium, while the prices for the other major destinations experienced more modest paces of growth.

Almond Imports

Imports into Austria

In 2019, approx. X tonnes of almonds were imported into Austria; remaining stable against the previous year's figure. Overall, imports recorded a relatively flat trend pattern. Imports peaked in 2019 and are likely to see steady growth in the near future.

In value terms, almond imports stood at $X in 2019. Over the period under review, imports recorded a relatively flat trend pattern. Imports peaked in 2019 and are expected to retain growth in years to come.

Imports by Country

In 2019, Italy (X tonnes) constituted the largest almond supplier to Austria, with a X% share of total imports. Moreover, almond imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X tonnes), threefold. The third position in this ranking was occupied by Slovakia (X tonnes), with a X% share.

From 2007 to 2019, the average annual growth rate of volume from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Slovakia (X% per year).

In value terms, the largest almond suppliers to Austria were Italy ($X), Germany ($X) and Slovakia ($X), with a combined X% share of total imports.

Germany recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average almond import price amounted to $X per tonne, remaining relatively unchanged against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. Over the period under review, average import prices hit record highs in 2019 and is likely to see gradual growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per tonne), while the price for Hungary ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for almonds in the world?

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The U.S. (1.7M tonnes) remains the largest almond consuming country worldwide, comprising approx. 50% of total volume. Moreover, almond consumption in the U.S. exceeded the figures recorded by the second-largest consumer, Spain (338K tonnes), fivefold. Iran (182K tonnes) ranked third in terms of total consumption with a 5.3% share.

What are the largest producers of almonds in the world?

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The U.S. (1.9M tonnes) remains the largest almond producing country worldwide, accounting for 55% of total volume. Moreover, almond production in the U.S. exceeded the figures recorded by the second-largest producer, Spain (340K tonnes), sixfold. The third position in this ranking was occupied by Iran (177K tonnes), with a 5.1% share.

What are the leading suppliers of almonds to Austria?

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In value terms, the largest almond suppliers to Austria were Italy ($164K), Germany ($97K) and Slovakia ($22K), with a combined 97% share of total imports.

What are the leading importers of almonds from Austria?

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In value terms, Germany ($1.3M) remains the key foreign market for almond exports from Austria, comprising 63% of total exports. The second position in the ranking was occupied by Ukraine ($483K), with a 24% share of total exports. It was followed by the UK, with a 6.3% share.

What is the average export price for almonds in Austria?

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In 2019, the average almond export price amounted to $10,234 per tonne, rising by 17% against the previous year.

What is the average import price for almonds in Austria?

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The average almond import price stood at $7,460 per tonne in 2019, stabilizing at the previous year.