Austria: Wool Market 2023

Wool Market Size in Austria

The Austrian wool market shrank to $X in 2021, waning by -12.3% 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, consumption recorded a deep setback. Wool consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Wool Exports

Exports from Austria

In 2021, after two years of decline, there was significant growth in shipments abroad of wool, when their volume increased by 22% to X tons. Overall, exports, however, recorded a abrupt decline. The pace of growth appeared the most rapid in 2018 when exports increased by 126%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, wool exports declined modestly to $X in 2021. In general, exports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of 102% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Switzerland (X tons), Italy (X tons) and Portugal (X kg) were the main destinations of wool exports from Austria, with a combined 79% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Portugal (with a CAGR of +114.2%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Switzerland ($X) and Germany ($X) were the largest markets for wool exported from Austria worldwide, together comprising 87% of total exports. These countries were followed by the Netherlands, Portugal, France and Spain, which together accounted for a further 5.7%.

Portugal, with a CAGR of +111.9%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average wool export price amounted to $X per ton, falling by -19% against the previous year. In general, the export price, however, continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2017 when the average export price increased by 160% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2020, and then dropped remarkably in the following year.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per ton), while the average price for exports to Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Wool Imports

Imports into Austria

In 2021, wool imports into Austria contracted remarkably to X tons, with a decrease of -26.2% against the previous year's figure. Over the period under review, imports saw a abrupt decline. The pace of growth was the most pronounced in 2020 with an increase of 48% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, wool imports declined modestly to $X in 2021. In general, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 5.4% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest wool supplier to Austria, with a 68% share of total imports. Moreover, wool imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled -1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+44.6% per year) and France (+7.0% per year).

In value terms, Germany ($X) constituted the largest supplier of wool to Austria, comprising 84% of total imports. The second position in the ranking was held by Belgium ($X), with a 5.3% share of total imports.

From 2012 to 2021, 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: Belgium (+23.1% per year) and France (-6.9% per year).

Import Prices by Country

In 2021, the average wool import price amounted to $X per ton, with an increase of 31% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 36%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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