Austria: Extracts Of Tea Market 2024

Extracts Of Tea Market Size in Austria

The Austrian extracts of tea market contracted markedly to $X in 2022, shrinking by X% against the previous year. In general, consumption, however, showed a moderate increase. As a result, consumption reached the peak level of $X, and then contracted remarkably in the following year.

Extracts Of Tea Production in Austria

In value terms, extracts of tea production dropped to $X in 2022 estimated in export price. Overall, production, however, recorded a slight decrease. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Extracts of tea production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Extracts Of Tea Exports

Exports from Austria

After five years of growth, overseas shipments of extracts, essences and concentrates of tea or mate decreased by X% to X tons in 2022. Over the period under review, exports, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then reduced in the following year.

In value terms, extracts of tea exports rose rapidly to $X in 2022. In general, exports, however, showed prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons), Italy (X tons) and Slovakia (X tons) were the main destinations of extracts of tea exports from Austria, with a combined X% share of total exports. The Czech Republic, Switzerland, the Netherlands, Spain, Hungary, Slovenia, Croatia, Belgium and Romania lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and the Czech Republic ($X) were the largest markets for extracts of tea exported from Austria worldwide, together accounting for X% of total exports. Switzerland, Slovakia, Spain, Hungary, the Netherlands, Croatia, Slovenia, Romania and Belgium lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Spain, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average extracts of tea export price amounted to $X per ton, growing by X% against the previous year. Overall, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, extracts of tea export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. The export price peaked in 2022 and is likely to continue growth in the near future.

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

Extracts Of Tea Imports

Imports into Austria

In 2022, imports of extracts, essences and concentrates of tea or mate into Austria declined sharply to X tons, dropping by X% against the previous year's figure. Over the period under review, imports, however, saw a tangible increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of X tons, and then contracted sharply in the following year.

In value terms, extracts of tea imports dropped significantly to $X in 2022. Overall, imports, however, saw measured growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then contracted notably in the following year.

Imports by Country

In 2022, Germany (X tons) was the main extracts of tea supplier to Austria, with a X% share of total imports. Moreover, extracts of tea imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), more than tenfold. The third position in this ranking was taken by Poland (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Poland (X% per year).

In value terms, Germany ($X) constituted the largest supplier of extracts, essences and concentrates of tea or mate to Austria, comprising X% of total imports. The second position in the ranking was taken by Poland ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, 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: Poland (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The average extracts of tea import price stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. As a result, import price attained the peak level of $X per ton, and then fell notably in the following year.

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 Poland ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform