Austria: Tea Market Overview 2021

Tea Market Size in Austria

In 2020, the Austrian tea market decreased by -X% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2009 when the market value increased by X% year-to-year. Tea consumption peaked at $X in 2018; however, from 2019 to 2020, consumption remained at a lower figure.

Tea Production in Austria

In value terms, tea production skyrocketed to $X in 2020 estimated in export prices. In general, production continues to indicate significant growth. The pace of growth appeared the most rapid in 2009 when the production volume increased by X% y-o-y. Tea production peaked at $X in 2010; however, from 2011 to 2020, production remained at a lower figure.

In 2020, the average yield of tea in Austria totaled X kg per ha, approximately reflecting the previous year. Overall, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the total area harvested in terms of tea production in Austria was estimated at X ha, standing approx. at the previous year's figure. Over the period under review, the harvested area showed a relatively flat trend pattern.

Tea Exports

Exports from Austria

Tea exports from Austria dropped remarkably to X tonnes in 2020, declining by -X% against 2019. In general, exports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, exports reached the maximum at X tonnes in 2014; however, from 2015 to 2020, exports stood at a somewhat lower figure.

In value terms, tea exports declined modestly to $X in 2020. Overall, exports recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2019 with an increase of X% y-o-y. Over the period under review, exports attained the maximum at $X in 2014; however, from 2015 to 2020, exports remained at a lower figure.

Exports by Country

Germany (X tonnes), France (X tonnes) and the Netherlands (X tonnes) were the main destinations of tea exports from Austria, together accounting for X% of total exports. These countries were followed by Hungary, Italy, Sweden, Poland and Romania, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania, while exports for the other leaders experienced more modest paces of growth.

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

From 2007 to 2020, the average annual growth rate of value to Germany amounted to -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 2020, increasing by X% against the previous year. Overall, export price indicated prominent growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, tea export price increased by +X% against 2015 indices. As a result, export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Italy ($X per tonne), while the average price for exports to France ($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 the Netherlands, while the prices for the other major destinations experienced more modest paces of growth.

Tea Imports

Imports into Austria

In 2020, overseas purchases of tea decreased by -X% to X tonnes, falling for the third year in a row after two years of growth. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

In value terms, tea imports declined remarkably to $X in 2020. Overall, total imports indicated a slight increase from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Imports peaked at $X in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

Imports by Country

Germany (X tonnes), the Netherlands (X tonnes) and India (X tonnes) were the main suppliers of tea imports to Austria, with a combined X% share of total imports. China, Sri Lanka, Indonesia and Turkey lagged somewhat behind, together comprising a further X 2007 to 2020, the biggest increases were in Indonesia, while purchases for the other leaders experienced more modest paces of growth.

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

From 2007 to 2020, the average annual rate of growth in terms of value from Germany totaled +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 2020, growing by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2008 an increase of X% year-to-year. Over the period under review, average import prices reached the peak figure in 2020 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Germany ($X per tonne), while the price for Indonesia ($X per tonne) was amongst the lowest.

From 2007 to 2020, 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

Frequently Asked Questions (FAQ) :

What are the largest markets for tea in the world?

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The country with the largest volume of tea consumption was China (5.6M tonnes), accounting for 56% of total volume. Moreover, tea consumption in China exceeded the figures recorded by the second-largest consumer, India (1.3M tonnes), fourfold. Turkey (269K tonnes) ranked third in terms of total consumption with a 2.7% share.

What are the largest producers of tea in the world?

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The country with the largest volume of tea production was China (6M tonnes), accounting for 61% of total volume. Moreover, tea production in China exceeded the figures recorded by the second-largest producer, India (1.4M tonnes), fourfold. Kenya (467K tonnes) ranked third in terms of total production with a 4.7% share.

What are the leading suppliers of tea to Austria?

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In value terms, Germany ($9.7M) constituted the largest supplier of tea to Austria, comprising 43% of total imports. The second position in the ranking was occupied by the Netherlands ($3.9M), with a 17% share of total imports. It was followed by India, with a 8.2% share.

What are the leading importers of tea from Austria?

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In value terms, Germany ($2.6M) remains the key foreign market for tea exports from Austria, comprising 29% of total exports. The second position in the ranking was occupied by France ($1M), with a 12% share of total exports. It was followed by Italy, with a 8% share.

What is the average export price for tea in Austria?

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The average tea export price stood at $11,928 per tonne in 2020, jumping by 30% against the previous year.

What is the average import price for tea in Austria?

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In 2020, the average tea import price amounted to $9,266 per tonne, growing by 13% against the previous year.