Austria - Tea - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

Austria: Tea Market Overview 2020

Tea Market Size in Austria

The revenue of the tea market in Austria amounted to $X in 2018, lowering 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). Over the period under review, tea consumption, however, continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the tea market reached its peak figure level at $X in 2017, and then declined slightly in the following year.

Tea Exports

Exports from Austria

In 2018, the tea exports from Austria totaled X tonnes, stabilizing at the previous year. In general, tea exports, however, continue to indicate a drastic contraction. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Exports peaked at X tonnes in 2014; however, from 2015 to 2018, exports stood at a somewhat lower figure.

In value terms, tea exports totaled $X in 2018. Over the period under review, tea exports, however, continue to indicate a drastic slump. The pace of growth was the most pronounced in 2013 with an increase of X% y-o-y. Over the period under review, tea exports attained their maximum at $X in 2014; however, from 2015 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Nigeria (X tonnes) was the main destination for tea exports from Austria, with a X% share of total exports. Moreover, tea exports to Nigeria exceeded the volume sent to the second major destination, Germany (X tonnes), ninefold. The third position in this ranking was occupied by France (X tonnes), with a X% share.

From 2007 to 2018, the average annual growth rate of volume to Nigeria was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-X% per year) and France (-X% per year).

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

From 2007 to 2018, 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 Italy (+X% per year).

Export Prices by Country

The average tea export price stood at $X per tonne in 2018, declining by -X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008 when the average export price increased by X% against the previous year. Over the period under review, the average export prices for tea reached their peak figure at $X per tonne in 2011; however, from 2012 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 Germany ($X per tonne), while the average price for exports to Nigeria ($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 France, while the prices for the other major destinations experienced more modest paces of growth.

Tea Imports

Imports into Austria

In 2018, the imports of tea into Austria amounted to X tonnes, lowering by -X% against the previous year. Overall, tea imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 when imports increased by X% against the previous year. Over the period under review, tea imports reached their peak figure at X tonnes in 2014; however, from 2015 to 2018, imports stood at a somewhat lower figure.

In value terms, tea imports stood at $X in 2018. Over the period under review, the total imports indicated moderate growth from 2007 to 2018: its value increased 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. The growth pace was the most rapid in 2011 when imports increased by X% year-to-year. Over the period under review, tea imports attained their maximum at $X in 2014; however, from 2015 to 2018, imports remained at a lower figure.

Imports by Country

Germany (X tonnes), the Netherlands (X tonnes) and the UK (X tonnes) were the main suppliers of tea imports to Austria, together accounting for X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of tea to Austria, comprising X% of total tea imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total imports. It was followed by India, with a X% share.

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

Import Prices by Country

The average tea import price stood at $X per tonne in 2018, jumping by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2018 an increase of X% year-to-year. In that year, the average import prices for tea attained their peak level and is likely to continue its growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Poland ($X per tonne), while the price for Indonesia ($X per tonne) was amongst the lowest.

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

Source: IndexBox AI Platform