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Austria - Vegetable Fats And Oils - Market Analysis, Forecast, Size, Trends And Insights
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Austria: Vegetable Oils Market Overview 2021

Vegetable Oils Market Size in Austria

In 2019, the Austrian vegetable oils market decreased by -X% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the market value increased by X% year-to-year. Vegetable oils consumption peaked at $X in 2011; however, from 2012 to 2019, consumption failed to regain the momentum.

Vegetable Oils Production in Austria

In value terms, vegetable oils production surged to $X in 2019 estimated in export prices. Over the period under review, production, however, posted a slight increase. The most prominent rate of growth was recorded in 2010 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2011 to 2019, production growth failed to regain the momentum.

Vegetable Oils Exports

Exports from Austria

After two years of decline, shipments abroad of vegetable fats and oils increased by X% to X tonnes in 2019. Over the period under review, exports, however, faced a deep reduction. The pace of growth appeared the most rapid in 2016 with an increase of X% y-o-y. Exports peaked at X tonnes in 2007; however, from 2008 to 2019, exports failed to regain the momentum.

In value terms, vegetable oils exports stood at $X in 2019. Overall, exports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2016 when exports increased by X% y-o-y. Exports peaked at $X in 2007; however, from 2008 to 2019, exports failed to regain the momentum.

Exports by Country

Germany (X tonnes), Hungary (X tonnes) and Italy (X tonnes) were the main destinations of vegetable oils exports from Austria, with a combined X% share of total exports. Slovenia, the Czech Republic and Bulgaria lagged somewhat behind, together accounting for a further X 2007 to 2019, the biggest increases were in the Czech Republic, while shipments for the other leaders experienced mixed trend patterns.

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

From 2007 to 2019, the average annual rate of growth in terms of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-X% per year) and Italy (-X% per year).

Export Prices by Country

The average vegetable oils export price stood at $X per tonne in 2019, waning by -X% against the previous year. Overall, export price indicated a notable increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, vegetable oils export price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% year-to-year. As a result, export price attained the peak level of $X per tonne, and then fell in the following year.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was Germany ($X per tonne), while the average price for exports to the Czech Republic ($X per tonne) was amongst the lowest.

From 2007 to 2019, 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 more modest paces of growth.

Vegetable Oils Imports

Imports into Austria

In 2019, vegetable oils imports into Austria fell to X tonnes, waning by -X% on the previous year's figure. Overall, imports saw a abrupt contraction. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. Over the period under review, imports reached the peak figure at X tonnes in 2007; however, from 2008 to 2019, imports remained at a lower figure.

In value terms, vegetable oils imports shrank notably to $X in 2019. Over the period under review, imports continue to indicate a abrupt slump. The growth pace was the most rapid in 2011 when imports increased by X% year-to-year. Over the period under review, imports reached the maximum at $X in 2008; however, from 2009 to 2019, imports failed to regain the momentum.

Imports by Country

Germany (X tonnes), the Netherlands (X tonnes) and Portugal (X tonnes) were the main suppliers of vegetable oils imports to Austria, together accounting for X% of total imports. Belgium, India and the Czech Republic lagged somewhat behind, together accounting for a further X 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (+X% per year), while imports for the other leaders experienced mixed trend patterns.

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

From 2007 to 2019, 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 Portugal (+X% per year).

Import Prices by Country

In 2019, the average vegetable oils import price amounted to $X per tonne, shrinking by -X% against the previous year. Over the last twelve years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. As a result, import price attained the peak level of $X per tonne. From 2012 to 2019, the growth in terms of the average import prices failed to regain the momentum.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the Czech Republic, 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 vegetable fats and oils in the world?
+
The countries with the highest volumes of vegetable oils consumption in 2019 were China (1.7M tonnes), the U.S. (837K tonnes) and India (633K tonnes), with a combined 30% share of global consumption. These countries were followed by Japan, Russia, the Netherlands, Brazil, Indonesia, Pakistan, Bangladesh, Mexico, France and Nigeria, which together accounted for a further 26%.
What are the largest producers of vegetable fats and oils in the world?
+
China (1.5M tonnes) remains the largest vegetable oils producing country worldwide, accounting for 16% of total volume. Moreover, vegetable oils production in China exceeded the figures recorded by the second-largest producer, the U.S. (673K tonnes), twofold. The third position in this ranking was occupied by India (664K tonnes), with a 7.1% share.
What are the leading suppliers of vegetable fats and oils to Austria?
+
In value terms, Germany ($8.2M) constituted the largest supplier of vegetable oils to Austria, comprising 45% of total imports. The second position in the ranking was occupied by the Netherlands ($3.2M), with a 18% share of total imports. It was followed by Portugal, with a 14% share.
What are the leading importers of vegetable fats and oils from Austria?
+
In value terms, Germany ($3M) remains the key foreign market for vegetable oils exports from Austria, comprising 45% of total exports. The second position in the ranking was occupied by Hungary ($1.3M), with a 20% share of total exports. It was followed by Italy, with a 16% share.
What is the average export price for vegetable fats and oils in Austria?
+
In 2019, the average vegetable oils export price amounted to $1,996 per tonne, declining by -12.9% against the previous year.
What is the average import price for vegetable fats and oils in Austria?
+
The average vegetable oils import price stood at $1,780 per tonne in 2019, falling by -6.2% against the previous year.

Product coverage:
• Prodcom 10416050 - Vegetable fats and oils and their fractions partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinised, but not further prepared (including refined)

This report provides an in-depth analysis of the vegetable oils 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

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