Austria: Soups Market 2024

Soups Market Size in Austria

For the third year in a row, the Austrian soups market recorded growth in sales value, which increased by X% to $X in 2023. In general, consumption, however, recorded a pronounced shrinkage. Soups consumption peaked at $X in 2013; however, from 2014 to 2023, consumption remained at a lower figure.

Soups Production in Austria

In value terms, soups production declined to $X in 2023 estimated in export price. In general, production saw a slight setback. The most prominent rate of growth was recorded in 2022 when the production volume increased by X% against the previous year. Soups production peaked at $X in 2013; however, from 2014 to 2023, production failed to regain momentum.

Soups Exports

Exports from Austria

In 2023, the amount of soups and broths exported from Austria fell to X tons, reducing by X% on the previous year. Overall, total exports indicated a pronounced expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The exports peaked at X tons in 2022, and then reduced in the following year.

In value terms, soups exports totaled $X in 2023. Over the period under review, total exports indicated a perceptible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The exports peaked in 2023 and are expected to retain growth in years to come.

Exports by Country

Germany (X tons) was the main destination for soups exports from Austria, with a X% share of total exports. Moreover, soups exports to Germany exceeded the volume sent to the second major destination, Italy (X tons), more than tenfold. France (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and France (X% per year).

In value terms, Germany ($X) remains the key foreign market for soups and broths exports from Austria, comprising X% of total exports. The second position in the ranking was held by France ($X), with a X% share of total exports. It was followed by Hungary, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Hungary (X% per year).

Export Prices by Country

In 2023, the average soups export price amounted to $X per ton, picking up by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Sweden ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (X%), while the prices for the other major destinations experienced more modest paces of growth.

Soups Imports

Imports into Austria

In 2023, the amount of soups and broths imported into Austria dropped to X tons, which is down by X% on 2022 figures. In general, imports continue to indicate a noticeable decline. The growth pace was the most rapid in 2022 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, soups imports surged to $X in 2023. Over the period under review, imports showed a slight slump. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

Germany (X tons), the Czech Republic (X tons) and Romania (X tons) were the main suppliers of soups imports to Austria, together accounting for X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of soups and broths to Austria, comprising X% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a X% share of total imports. It was followed by Romania, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (X% per year) and Romania (X% per year).

Import Prices by Country

The average soups import price stood at $X per ton in 2023, surging by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform