Austria: Cereal Flour Market Overview 2021

Cereal Flour Market Size in Austria

The Austrian cereal flour market totaled $X in 2020, remaining stable against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Over the period under review, the market attained the peak level at $X in 2011; however, from 2012 to 2020, consumption remained at a lower figure.

Cereal Flour Production in Austria

In value terms, cereal flour production amounted to $X in 2020 estimated in export prices. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2008 when the production volume increased by X% y-o-y. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2020, production remained at a lower figure.

Cereal Flour Exports

Exports from Austria

In 2020, after four years of decline, there was significant growth in overseas shipments of cereal flours, when their volume increased by X% to X tonnes. The total export volume increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. Exports peaked at X tonnes in 2015; however, from 2016 to 2020, exports failed to regain the momentum.

In value terms, cereal flour exports surged to $X in 2020. In general, total exports indicated a tangible expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2017 indices. The pace of growth was the most pronounced in 2008 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at $X in 2013; however, from 2014 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Germany (X tonnes) was the main destination for cereal flour exports from Austria, with a X% share of total exports. Moreover, cereal flour exports to Germany exceeded the volume sent to the second major destination, Slovenia (X tonnes), twofold. Croatia (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Germany amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+X% per year) and Croatia (+X% per year).

In value terms, the largest markets for cereal flour exported from Austria were Germany ($X), Croatia ($X) and Slovenia ($X), together accounting for X% of total exports.

Croatia saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average cereal flour export price amounted to $X per tonne, growing by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2008; however, from 2009 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Italy ($X per tonne), while the average price for exports to Serbia ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Croatia, while the prices for the other major destinations experienced more modest paces of growth.

Cereal Flour Imports

Imports into Austria

In 2020, overseas purchases of cereal flours increased by X% to X tonnes, rising for the second consecutive year after four years of decline. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when imports increased by X% year-to-year. As a result, imports reached the peak of X tonnes. From 2012 to 2020, the growth imports remained at a lower figure.

In value terms, cereal flour imports soared to $X in 2020. In general, total imports indicated a measured increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2012 to 2020, the growth imports failed to regain the momentum.

Imports by Country

In 2020, Germany (X tonnes) constituted the largest cereal flour supplier to Austria, with a X% share of total imports. Moreover, cereal flour imports from Germany exceeded the figures recorded by the second-largest supplier, Switzerland (X tonnes), ninefold. Italy (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Germany stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+X% per year) and Italy (+X% per year).

In value terms, Germany ($X) constituted the largest supplier of cereal flour to Austria, comprising X% of total imports. The second position in the ranking was occupied by Switzerland ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Germany totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+X% per year) and Italy (+X% per year).

Import Prices by Country

In 2020, the average cereal flour import price amounted to $X per tonne, picking up by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 when the average import price increased by X% y-o-y. Over the period under review, average import prices attained the peak figure at $X per tonne in 2012; however, from 2013 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Spain ($X per tonne), while the price for Hungary ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Italy, 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 cereal flours in the world?

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China (79M tonnes) remains the largest cereal flour consuming country worldwide, accounting for 19% of total volume. Moreover, cereal flour consumption in China exceeded the figures recorded by the second-largest consumer, India (24M tonnes), threefold. The third position in this ranking was occupied by the U.S. (18M tonnes), with a 4.6% share.

What are the largest producers of cereal flours in the world?

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China (79M tonnes) constituted the country with the largest volume of cereal flour production, accounting for 19% of total volume. Moreover, cereal flour production in China exceeded the figures recorded by the second-largest producer, India (24M tonnes), threefold. The U.S. (18M tonnes) ranked third in terms of total production with a 4.5% share.

What are the leading suppliers of cereal flours to Austria?

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In value terms, Germany ($32M) constituted the largest supplier of cereal flour to Austria, comprising 63% of total imports. The second position in the ranking was occupied by Switzerland ($9M), with a 18% share of total imports. It was followed by Italy, with a 9% share.

What are the leading importers of cereal flours from Austria?

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In value terms, the largest markets for cereal flour exported from Austria were Germany ($13M), Croatia ($7.6M) and Slovenia ($5.5M), with a combined 64% share of total exports.

What is the average export price for cereal flours in Austria?

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The average cereal flour export price stood at $481 per tonne in 2020, with an increase of 12% against the previous year.

What is the average import price for cereal flours in Austria?

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The average cereal flour import price stood at $502 per tonne in 2020, surging by 6.3% against the previous year.