Austria: Virgin Olive Oil Market Overview 2021

Virgin Olive Oil Market Size in Austria

The Austrian virgin olive oil market reduced to $X in 2019, with a decrease of -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). Over the period under review, consumption saw a mild shrinkage. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. As a result, consumption attained the peak level of $X. From 2009 to 2019, the growth of the market remained at a somewhat lower figure.

Virgin Olive Oil Exports

Exports from Austria

In 2019, shipments abroad of olive oil (virgin) increased by X% to X tonnes for the first time since 2016, thus ending a two-year declining trend. Overall, exports saw strong growth. As a result, exports reached the peak and are likely to continue growth in the immediate term.

In value terms, virgin olive oil exports skyrocketed to $X in 2019. In general, exports enjoyed resilient growth. As a result, exports reached the peak and are likely to continue growth in the immediate term.

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 2019, the biggest increases were in France (+X% per year), 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 accounting for X% of total exports. France, Hungary and Italy lagged somewhat behind, together comprising a further X (+X% per year) 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 2019, the average virgin olive oil export price amounted to $X per tonne, rising by X% against the previous year. Over the last twelve-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, average export prices attained the maximum at $X per tonne in 2017; however, from 2018 to 2019, export prices failed to regain the momentum.

Average prices varied somewhat for the major overseas markets. In 2019, the countries with the highest prices were Switzerland ($X per tonne) and Slovenia ($X per tonne), while the average price for exports to Germany ($X per tonne) and Hungary ($X per tonne) were amongst the lowest.

From 2007 to 2019, 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 stood at X tonnes in 2019, with an increase of X% on the previous year's figure. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. As a result, imports attained the peak of X tonnes. From 2009 to 2019, the growth imports failed to regain the momentum.

In value terms, virgin olive oil imports amounted to $X in 2019. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. As a result, imports reached the peak of $X. From 2009 to 2019, the growth imports remained at a lower figure.

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 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain, while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest virgin olive oil suppliers to Austria were Italy ($X), Greece ($X) and Spain ($X), together comprising X% of total imports.

In terms of the main suppliers, Spain saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2019, the average virgin olive oil import price amounted to $X per tonne, declining by -X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per tonne in 2017; however, from 2018 to 2019, import prices failed to regain the momentum.

Average prices varied somewhat amongst the major supplying countries. In 2019, the countries with the highest prices were Greece ($X per tonne) and Germany ($X per tonne), while the price for Spain ($X per tonne) and Italy ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Italy, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for olive oil (virgin) in the world?

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The countries with the highest volumes of virgin olive oil consumption in 2019 were Spain (969K tonnes), Italy (755K tonnes) and Greece (340K tonnes), with a combined 55% share of global consumption. These countries were followed by the U.S., Morocco, France, Tunisia, Algeria, Brazil, Portugal, Syrian Arab Republic and Germany, which together accounted for a further 28%.

What are the largest producers of olive oil (virgin) in the world?

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Spain (1.7M tonnes) remains the largest virgin olive oil producing country worldwide, comprising approx. 45% of total volume. Moreover, virgin olive oil production in Spain exceeded the figures recorded by the second-largest producer, Italy (477K tonnes), fourfold. Greece (434K tonnes) ranked third in terms of total production with a 12% share.

What are the leading suppliers of olive oil (virgin) to Austria?

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In value terms, the largest virgin olive oil suppliers to Austria were Italy ($18M), Greece ($13M) and Spain ($6.1M), with a combined 95% share of total imports.

What are the leading importers of olive oil (virgin) from Austria?

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In value terms, the largest markets for virgin olive oil exported from Austria were Switzerland ($4.8M), Germany ($3.2M) and Slovenia ($1.5M), with a combined 87% share of total exports. France, Hungary and Italy lagged somewhat behind, together accounting for a further 11%.

What is the average export price for olive oil (virgin) in Austria?

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In 2019, the average virgin olive oil export price amounted to $6,371 per tonne, picking up by 1.8% against the previous year.

What is the average import price for olive oil (virgin) in Austria?

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In 2019, the average virgin olive oil import price amounted to $4,914 per tonne, reducing by -3.9% against the previous year.