Austria: Market for Condensed Or Evaporated Milk (Sweetened) 2024

Market Size for Condensed Or Evaporated Milk (Sweetened) in Austria

The Austrian market for condensed or evaporated milk (sweetened) reduced sharply to $X in 2022, dropping by -46.4% against the previous year. In general, consumption recorded a abrupt slump. Sweetened condensed and evaporated milk consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Condensed Or Evaporated Milk (Sweetened) in Austria

In value terms, sweetened condensed and evaporated milk production reduced markedly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a noticeable descent. The growth pace was the most rapid in 2021 with an increase of 191% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Exports of Condensed Or Evaporated Milk (Sweetened)

Exports from Austria

In 2022, shipments abroad of condensed or evaporated milk (sweetened) increased by 101% to X tons, rising for the fifth consecutive year after two years of decline. In general, exports showed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 212% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, sweetened condensed and evaporated milk exports surged to $X in 2022. Over the period under review, exports showed a prominent expansion. The pace of growth was the most pronounced in 2018 with an increase of 157% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tons) was the main destination for sweetened condensed and evaporated milk exports from Austria, with a 93% share of total exports. Moreover, sweetened condensed and evaporated milk exports to Italy exceeded the volume sent to the second major destination, Germany (X tons), more than tenfold. Bulgaria (X tons) ranked third in terms of total exports with a 0.3% share.

From 2012 to 2022, the average annual growth rate of volume to Italy amounted to +51.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+13.0% per year) and Bulgaria (-25.6% per year).

In value terms, Italy ($X) remains the key foreign market for condensed or evaporated milk (sweetened) exports from Austria, comprising 82% of total exports. The second position in the ranking was held by Germany ($X), with a 13% share of total exports. It was followed by Bulgaria, with a 0.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy totaled +46.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+9.9% per year) and Bulgaria (-15.4% per year).

Export Prices by Country

The average export price for condensed or evaporated milk (sweetened) stood at $X per ton in 2022, waning by -36.9% against the previous year. Over the period under review, the export price continues to indicate a deep setback. The growth pace was the most rapid in 2018 an increase of 60%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

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 Germany ($X per ton), while the average price for exports to Italy ($X 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 Bulgaria (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Condensed Or Evaporated Milk (Sweetened)

Imports into Austria

Sweetened condensed and evaporated milk imports into Austria declined significantly to X tons in 2022, waning by -32.4% against the previous year's figure. Over the period under review, imports saw a noticeable contraction. The growth pace was the most rapid in 2021 when imports increased by 63%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, sweetened condensed and evaporated milk imports declined significantly to $X in 2022. In general, imports continue to indicate a noticeable decline. The pace of growth appeared the most rapid in 2018 with an increase of 34%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Croatia (X tons) and Belgium (X tons) were the main suppliers of sweetened condensed and evaporated milk imports to Austria, with a combined 86% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Croatia (with a CAGR of +204.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and Croatia ($X) constituted the largest sweetened condensed and evaporated milk suppliers to Austria, with a combined 84% share of total imports.

Croatia, with a CAGR of +133.2%, recorded the highest rates of growth with regard to 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

The average import price for condensed or evaporated milk (sweetened) stood at $X per ton in 2022, leveling off at the previous year. Overall, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sweetened condensed and evaporated milk import price decreased by -25.8% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 85%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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