Austria: Vitamin Market Overview 2020

Vitamin Market Size in Austria

The revenue of the vitamin market in Austria amounted to $X in 2018, increasing by X% against the previous year. Overall, the total market indicated a moderate increase from 2007 to 2018: its value decreased at an average annual rate of -X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, vitamin consumption increased by +X% against 2016 indices. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, the vitamin market reached its maximum level at $X in 2013; however, from 2014 to 2018, consumption stood at a somewhat lower figure.

Vitamin Production in Austria

In value terms, vitamin production amounted to $X in 2018 estimated in export prices. Overall, vitamin production continues to indicate a pronounced expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. In that year, vitamin production reached its peak level of $X. From 2014 to 2018, vitamin production growth failed to regain its momentum.

Vitamin Exports

Exports from Austria

In 2018, the exports of provitamins and vitamins from Austria amounted to X tonnes, growing by X% against the previous year. In general, vitamin exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by X% year-to-year. In that year, vitamin exports attained their peak of X tonnes. From 2014 to 2018, the growth of vitamin exports remained at a somewhat lower figure.

In value terms, vitamin exports amounted to $X in 2018. Over the period under review, vitamin exports, however, continue to indicate a conspicuous expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, vitamin exports reached their maximum at $X in 2013; however, from 2014 to 2018, exports remained at a lower figure.

Exports by Country

Ireland (X tonnes), Germany (X tonnes) and Hungary (X tonnes) were the main destinations of vitamin exports from Austria, together accounting for X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Ireland (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vitamin exported from Austria were the Czech Republic ($X), Germany ($X) and Ireland ($X), with a combined X% share of total exports.

Ireland (+X% per year) experienced the highest rates of growth with regard to exports, in terms of the main countries of destination over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average vitamin export price amounted to $X per tonne, jumping by X% against the previous year. In general, the vitamin export price continues to indicate a strong expansion. The pace of growth appeared the most rapid in 2008 when the average export price increased by X% y-o-y. The export price peaked at $X per tonne in 2012; however, from 2013 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Russia ($X per tonne), while the average price for exports to Estonia ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Russia, while the prices for the other major destinations experienced more modest paces of growth.

Vitamin Imports

Imports into Austria

In 2018, approx. X tonnes of provitamins and vitamins were imported into Austria; shrinking by -X% against the previous year. Over the period under review, vitamin imports continue to indicate a drastic decline. The growth pace was the most rapid in 2011 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, vitamin imports stood at $X in 2018. In general, vitamin imports continue to indicate measured growth. The most prominent rate of growth was recorded in 2011 when imports increased by X% y-o-y. Over the period under review, vitamin imports attained their maximum at $X in 2008; however, from 2009 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, China (X tonnes) constituted the largest vitamin supplier to Austria, accounting for a X% share of total imports. Moreover, vitamin imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tonnes), twofold. The third position in this ranking was occupied by the Netherlands (X tonnes), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from China amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-X% per year) and the Netherlands (-X% per year).

In value terms, the largest vitamin suppliers to Austria were China ($X), Germany ($X) and India ($X), together comprising X% of total imports.

India recorded the highest rates of growth with regard to imports, in terms of the main suppliers over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average vitamin import price amounted to $X per tonne, surging by X% against the previous year. In general, the vitamin import price continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2008 when the average import price increased by X% year-to-year. Over the period under review, the average import prices for provitamins and vitamins attained their maximum in 2018 and is likely to continue its growth in the immediate term.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Switzerland, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform