Austria: Carob Market 2023

Carob Market Size in Austria

In 2022, the Austrian carob market increased by 73% to $X, rising for the third year in a row after six years of decline. Over the period under review, consumption saw prominent growth. Carob consumption peaked in 2022 and is expected to retain growth in the near future.

Carob Exports

Exports from Austria

In 2022, shipments abroad of carob decreased by -57% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 4,446%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then fell remarkably in the following year.

In value terms, carob exports shrank remarkably to $X in 2022. In general, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2013 when exports increased by 4,842%. The exports peaked at $X in 2021, and then declined sharply in the following year.

Exports by Country

Germany (X tons) was the main destination for carob exports from Austria, accounting for a 56% share of total exports. Moreover, carob exports to Germany exceeded the volume sent to the second major destination, Lithuania (X tons), twofold. The third position in this ranking was held by the Netherlands (X tons), with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at +32.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+31.0% per year) and the Netherlands (+0.1% per year).

In value terms, Germany ($X) emerged as the key foreign market for carob exports from Austria, comprising 63% of total exports. The second position in the ranking was taken by Lithuania ($X), with a 20% share of total exports. It was followed by the Netherlands, with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at +43.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+44.8% per year) and the Netherlands (+7.2% per year).

Export Prices by Country

In 2022, the average carob export price amounted to $X per ton, with an increase of 21% against the previous year. In general, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, carob export price increased by +14.0% against 2019 indices. The most prominent rate of growth was recorded in 2019 an increase of 69% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Germany ($X per ton) and the Netherlands ($X per ton), while the average price for exports to Lithuania ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Carob Imports

Imports into Austria

In 2022, after three years of growth, there was significant decline in purchases abroad of carob, when their volume decreased by -7.1% to X tons. In general, imports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2020 when imports increased by 71%. Imports peaked at X tons in 2021, and then shrank in the following year.

In value terms, carob imports reduced modestly to $X in 2022. Overall, imports, however, showed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 180%. Imports peaked at $X in 2021, and then declined slightly in the following year.

Imports by Country

Italy (X tons), the Netherlands (X tons) and Turkey (X tons) were the main suppliers of carob imports to Austria, with a combined 89% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +50.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest carob suppliers to Austria were Italy ($X), Turkey ($X) and Germany ($X), together accounting for 92% of total imports.

Turkey, with a CAGR of +45.3%, saw the highest growth rate of the value of imports, among 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 2022, the average carob import price amounted to $X per ton, growing by 5.6% against the previous year. Over the period under review, the import price enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2013 an increase of 125%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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