Latest Report Update: May 21, 2021

Austria - Refined Olive Oil - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact

Licenses

You will receive a PDF copy of the report by email within 24 hours (Mon - Fri).

By clicking «Buy the Report», you agree to our Terms of Service, Privacy Policy and Licenses. We'll occasionally send you account related emails.

Austria: Refined Olive Oil Market Overview 2021

Refined Olive Oil Market Size in Austria

In 2020, the Austrian refined olive oil market decreased by -X% to $X, falling for the sixth consecutive year after two years of growth. Overall, consumption continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2013 when the market value increased by X% year-to-year. Refined olive oil consumption peaked at $X in 2014; however, from 2015 to 2020, consumption failed to regain the momentum.

Refined Olive Oil Production in Austria

In value terms, refined olive oil production rose rapidly to $X in 2020 estimated in export prices. Overall, production, however, recorded a pronounced downturn. The growth pace was the most rapid in 2013 when the production volume increased by X% year-to-year. Refined olive oil production peaked at $X in 2014; however, from 2015 to 2020, production failed to regain the momentum.

Refined Olive Oil Exports

Exports from Austria

For the fourth consecutive year, Austria recorded growth in shipments abroad of refined olive oil, which increased by X% to X tonnes in 2020. Over the period under review, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Exports peaked in 2020 and are expected to retain growth in the near future.

In value terms, refined olive oil exports surged to $X in 2020. In general, exports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. Over the period under review, exports hit record highs in 2020 and are likely to continue growth in years to come.

Exports by Country

Hungary (X tonnes) was the main destination for refined olive oil exports from Austria, accounting for a X% share of total exports. Moreover, refined olive oil exports to Hungary exceeded the volume sent to the second major destination, Slovenia (X tonnes), twofold. Switzerland (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Hungary amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+X% per year) and Switzerland (-X% per year).

In value terms, Hungary ($X) remains the key foreign market for refined olive oil exports from Austria, comprising X% of total exports. The second position in the ranking was occupied by Slovenia ($X), with a X% share of total exports. It was followed by Switzerland, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Hungary stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+X% per year) and Switzerland (-X% per year).

Export Prices by Country

The average refined olive oil export price stood at $X per tonne in 2020, falling by -X% against the previous year. In general, the export price continues to indicate a noticeable curtailment. 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 2014; however, from 2015 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Germany ($X per tonne), while the average price for exports to Slovenia ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Germany, while the prices for the other major destinations experienced a decline.

Refined Olive Oil Imports

Imports into Austria

In 2020, after three years of growth, there was significant decline in overseas purchases of refined olive oil, when their volume decreased by -X% to X tonnes. In general, imports, however, saw notable growth. The pace of growth was the most pronounced in 2019 when imports increased by X% year-to-year. As a result, imports reached the peak of X tonnes, and then contracted significantly in the following year.

In value terms, refined olive oil imports fell sharply to $X in 2020. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X% year-to-year. As a result, imports attained the peak of $X, and then shrank significantly in the following year.

Imports by Country

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

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Greece, while imports for the other leaders experienced more modest paces of growth.

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

Greece 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 refined olive oil import price amounted to $X per tonne, with a decrease of -X% against the previous year. In general, the import price saw a pronounced setback. The most prominent rate of growth was recorded in 2013 an increase of X% year-to-year. As a result, import price attained the peak level of $X per tonne. From 2014 to 2020, the growth in terms of the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2020, 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 2020, the most notable rate of growth in terms of prices was attained by Greece, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined olive oil in the world?
+
The countries with the highest volumes of refined olive oil consumption in 2020 were China (683K tonnes), the U.S. (377K tonnes) and India (268K tonnes), together accounting for 28% of global consumption.
What are the largest producers of refined olive oil in the world?
+
The countries with the highest volumes of refined olive oil production in 2020 were China (669K tonnes), Spain (414K tonnes) and the U.S. (280K tonnes), with a combined 29% share of global production. India, Japan, Indonesia, Russia, Germany, Pakistan, Italy, Brazil, Bangladesh and Nigeria lagged somewhat behind, together accounting for a further 28%.
What are the leading suppliers of refined olive oil to Austria?
+
In value terms, the largest refined olive oil suppliers to Austria were Italy ($1.5M), Spain ($1.1M) and Greece ($913K), together accounting for 83% of total imports.
What are the leading importers of refined olive oil from Austria?
+
In value terms, Hungary ($608K) remains the key foreign market for refined olive oil exports from Austria, comprising 59% of total exports. The second position in the ranking was occupied by Slovenia ($246K), with a 24% share of total exports. It was followed by Switzerland, with a 6.5% share.
What is the average export price for refined olive oil in Austria?
+
The average refined olive oil export price stood at $2,763 per tonne in 2020, dropping by -16.7% against the previous year.
What is the average import price for refined olive oil in Austria?
+
The average refined olive oil import price stood at $2,987 per tonne in 2020, declining by -30.9% against the previous year.

Product coverage:
• Prodcom 10415310 - Refined olive oil and its fractions (excluding chemically modified)

This report provides an in-depth analysis of the refined 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

Webinar: Global Ethanol Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global ethanol market.



Thursday, June 24th, 2021 @ 04:00 pm ET


Register

Webinar: Global Coal Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global сoal market.



Thursday, July 15th, 2021 @ 04:00 pm ET


Register

Webinar: Global Beef Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global beef market.



Thursday, September 16th, 2021 @ 04:00 pm ET


Register
Ready to Get Started?
We can help you conduct market research and write a report using the most reliable data