Austria: Dairy Spread Market 2024

Dairy Spread Market Size in Austria

The Austrian dairy spread market skyrocketed to $X in 2022, with an increase of 60% against the previous year. In general, consumption showed a buoyant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Dairy Spread Production in Austria

In value terms, dairy spread production soared to $X in 2022 estimated in export price. In general, production enjoyed a resilient expansion. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Dairy Spread Exports

Exports from Austria

In 2022, shipments abroad of dairy spreads decreased by -14.7% to X tons, falling for the third consecutive year after four years of growth. Over the period under review, exports recorded a abrupt setback. The growth pace was the most rapid in 2017 when exports increased by 83%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, dairy spread exports reduced to $X in 2022. In general, exports saw a deep downturn. The growth pace was the most rapid in 2017 with an increase of 82%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons), Sweden (X tons) and Italy (X tons) were the main destinations of dairy spread exports from Austria, together accounting for 67% of total exports. Croatia, Slovenia, Romania and Ireland lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of +67.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Sweden ($X) and Italy ($X) constituted the largest markets for dairy spread exported from Austria worldwide, together accounting for 65% of total exports. Romania, Croatia, Slovenia and Ireland lagged somewhat behind, together comprising a further 30%.

Ireland, with a CAGR of +72.0%, recorded the highest growth rate of the value of exports, in terms of 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

The average dairy spread export price stood at $X per ton in 2022, rising by 8% against the previous year. Over the last decade, it increased at an average annual rate of +3.4%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 14% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Sweden ($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 Spain (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Dairy Spread Imports

Imports into Austria

In 2022, supplies from abroad of dairy spreads increased by 5.1% to X tons, rising for the second consecutive year after three years of decline. In general, total imports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.0% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of 42%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, dairy spread imports skyrocketed to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 41% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest dairy spread supplier to Austria, with a 85% share of total imports. Moreover, dairy spread imports from Germany exceeded the figures recorded by the second-largest supplier, Slovenia (X tons), tenfold. Croatia (X tons) ranked third in terms of total imports with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+66.1% per year) and Croatia (+15.8% per year).

In value terms, Germany ($X) constituted the largest supplier of dairy spreads to Austria, comprising 87% of total imports. The second position in the ranking was held by Slovenia ($X), with a 5.2% share of total imports. It was followed by the Netherlands, with a 4.6% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at -2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+60.4% per year) and the Netherlands (+4.3% per year).

Import Prices by Country

In 2022, the average dairy spread import price amounted to $X per ton, increasing by 24% against the previous year. Overall, the import price, however, showed a pronounced decline. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Slovenia ($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 (+15.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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