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Austria - Olive Oil (Virgin) - Market Analysis, Forecast, Size, Trends and Insights
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Austria: Virgin Olive Oil Market Overview 2021

Virgin Olive Oil Market Size in Austria

The Austrian virgin olive oil market soared to $X in 2020, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Virgin Olive Oil Exports

Exports from Austria

In 2020, approx. X tonnes of virgin olive oil were exported from Austria; falling by -X% compared with the previous year. Overall, exports saw a slight shrinkage. The pace of growth appeared the most rapid in 2019 with an increase of X% year-to-year. As a result, exports attained the peak of X tonnes, and then dropped rapidly in the following year.

In value terms, virgin olive oil exports reduced markedly to $X in 2020. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by X% year-to-year. As a result, exports attained the peak of $X, and then declined notably in the following year.

Exports by Country

Switzerland (X tonnes), Germany (X tonnes) and Slovenia (X tonnes) were the main destinations of virgin olive oil exports from Austria, with a combined X% share of total exports. These countries were followed by France, Hungary and Italy, which together accounted for a further X 2007 to 2020, the biggest increases were in France, while shipments for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), Germany ($X) and Slovenia ($X) appeared to be the largest markets for virgin olive oil exported from Austria worldwide, together comprising X% of total exports. France, Hungary and Italy lagged somewhat behind, together accounting for a further X 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 virgin olive oil export price amounted to $X per tonne, which is down 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 2013 when the average export price increased by X% y-o-y. The export price peaked at $X per tonne in 2017; however, from 2018 to 2020, export prices failed to regain the momentum.

Average prices varied somewhat for the major export markets. In 2020, the highest prices were recorded for prices to Slovenia ($X per tonne) and Switzerland ($X per tonne), while the average price for exports to Germany ($X per tonne) and France ($X per tonne) were amongst the lowest.

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

Virgin Olive Oil Imports

Imports into Austria

Virgin olive oil imports into Austria soared to X tonnes in 2020, picking up by X% compared with the previous year. The total import volume increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. As a result, imports reached the peak of X tonnes. From 2009 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, virgin olive oil imports skyrocketed to $X in 2020. The total import value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2008 when imports increased by X% year-to-year. Over the period under review, imports attained the maximum in 2020 and are likely to see gradual growth in years to come.

Imports by Country

Italy (X tonnes), Greece (X tonnes) and Spain (X tonnes) were the main suppliers of virgin olive oil imports to Austria, with a combined X% share of total imports.

From 2007 to 2020, the biggest increases were in Spain, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Greece ($X) and Spain ($X) constituted the largest virgin olive oil suppliers to Austria, with a combined X% share of total imports.

Spain recorded 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 2020, the average virgin olive oil import price amounted to $X per tonne, shrinking by -X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2017; however, from 2018 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Greece ($X per tonne), while the price for Spain ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Greece, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for virgin olive oil in the world?
+
Spain (1.3M tonnes) remains the largest virgin olive oil consuming country worldwide, accounting for 33% of total volume. Moreover, virgin olive oil consumption in Spain exceeded the figures recorded by the second-largest consumer, Italy (498K tonnes), threefold. The U.S. (313K tonnes) ranked third in terms of total consumption with a 7.9% share.
What are the largest producers of virgin olive oil in the world?
+
Spain (1.9M tonnes) remains the largest virgin olive oil producing country worldwide, accounting for 49% of total volume. Moreover, virgin olive oil production in Spain exceeded the figures recorded by the second-largest producer, Tunisia (462K tonnes), fourfold. Greece (329K tonnes) ranked third in terms of total production with a 8.3% share.
What are the leading suppliers of virgin olive oil to Austria?
+
In value terms, the largest virgin olive oil suppliers to Austria were Italy ($20M), Greece ($16M) and Spain ($7.1M), together comprising 95% of total imports.
What are the leading importers of virgin olive oil from Austria?
+
In value terms, Switzerland ($1.5M), Germany ($1,000K) and Slovenia ($565K) appeared to be the largest markets for virgin olive oil exported from Austria worldwide, with a combined 84% share of total exports. France, Hungary and Italy lagged somewhat behind, together accounting for a further 14%.
What is the average export price for virgin olive oil in Austria?
+
The average virgin olive oil export price stood at $5,558 per tonne in 2020, waning by -12.7% against the previous year.
What is the average import price for virgin olive oil in Austria?
+
The average virgin olive oil import price stood at $4,824 per tonne in 2020, dropping by -1.8% against the previous year.

Product coverage:
• FCL 261 - Oil of Olives, Virgin

This report provides an in-depth analysis of the virgin olive oil market in Austria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Austria

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Austria
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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