Austria: Biological Product Market 2024

Biological Product Market Size in Austria

The Austrian biological product market reduced rapidly to $X in 2022, declining by X% against the previous year. In general, consumption continues to indicate a abrupt descent. As a result, consumption attained the peak level of $X, and then dropped notably in the following year.

Biological Product Production in Austria

In value terms, biological product production skyrocketed to $X in 2022 estimated in export price. In general, production faced a deep slump. Biological product production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Biological Product Exports

Exports from Austria

For the sixth consecutive year, Austria recorded growth in shipments abroad of biological products, which increased by X% to X tons in 2022. Overall, exports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2021 when exports increased by X%. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, biological product exports shrank to $X in 2022. Over the period under review, exports saw prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then dropped in the following year.

Exports by Country

Germany (X tons), Italy (X tons) and China (X tons) were the main destinations of biological product exports from Austria, together comprising X% of total exports. France, the Netherlands, the United States, Sweden, Saudi Arabia and Belgium lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

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

From 2012 to 2022, the average annual growth rate of value to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Italy (X% per year).

Export Prices by Country

The average biological product export price stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X,501 per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Biological Product Imports

Imports into Austria

In 2022, imports of biological products into Austria dropped sharply to X tons, declining by X% on the previous year's figure. Over the period under review, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then declined notably in the following year.

In value terms, biological product imports declined sharply to $X in 2022. In general, imports, however, showed prominent growth. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then contracted sharply in the following year.

Imports by Country

In 2022, the United States (X tons) constituted the largest biological product supplier to Austria, accounting for a X% share of total imports. Moreover, biological product imports from the United States exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. Italy (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Italy (X% per year).

In value terms, the United States ($X) constituted the largest supplier of biological products to Austria, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Italy (X% per year).

Import Prices by Country

The average biological product import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, biological product import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, 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 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :