Austria: Bumper Market 2024

Bumper Market Size in Austria

The Austrian bumper market shrank slightly to $X in 2022, waning by -3.9% 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). In general, consumption saw a notable expansion. Bumper consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Bumper Exports

Exports from Austria

Bumper exports from Austria rose sharply to X tons in 2022, picking up by 13% on 2021 figures. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by 32% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, bumper exports expanded notably to $X in 2022. The total export value increased at an average annual rate of +4.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 18%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

The UK (X tons), Germany (X tons) and Hungary (X tons) were the main destinations of bumper exports from Austria, together accounting for 37% of total exports.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +38.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X), Slovenia ($X) and the Czech Republic ($X) were the largest markets for bumper exported from Austria worldwide, together accounting for 36% of total exports. Germany, Romania, Croatia, the UK, Japan, Slovakia, Belgium, Italy, Turkey and the Netherlands lagged somewhat behind, together comprising a further 51%.

In terms of the main countries of destination, Belgium, with a CAGR of +45.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average bumper export price amounted to $X per ton, dropping by -4% against the previous year. Over the period under review, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 an increase of 18% against the previous year. The export price peaked at $X per ton in 2021, and then contracted modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to the Netherlands ($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 Czech Republic (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Bumper Imports

Imports into Austria

In 2022, bumper imports into Austria expanded significantly to X tons, picking up by 8.8% on 2021. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 25%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, bumper imports fell slightly to $X in 2022. In general, total imports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +9.4% against 2020 indices. The growth pace was the most rapid in 2017 when imports increased by 36% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest bumper supplier to Austria, accounting for a 32% share of total imports. Moreover, bumper imports from Germany exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), twofold. The third position in this ranking was taken by China (X tons), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at -3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+16.9% per year) and China (+18.0% per year).

In value terms, the largest bumper suppliers to Austria were Germany ($X), the Czech Republic ($X) and Belgium ($X), together comprising 71% of total imports. Slovakia, the Netherlands, Spain, Japan, China, Hungary, Italy, Poland and France lagged somewhat behind, together comprising a further 26%.

The Netherlands, with a CAGR of +34.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average bumper import price stood at $X per ton in 2022, waning by -12.2% against the previous year. In general, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, bumper import price increased by +67.8% against 2016 indices. The most prominent rate of growth was recorded in 2020 an increase of 22%. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then fell in the following year.

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 Belgium ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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