Austria: Market for Butter And Dairy Spreads 2024

Market Size for Butter And Dairy Spreads in Austria

In 2022, the Austrian butter and dairy spreads market increased by 43% to $X, rising for the second year in a row after two years of decline. Overall, the total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +48.7% against 2020 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Butter And Dairy Spreads

Exports from Austria

Butter and dairy spreads exports from Austria fell to X tons in 2022, shrinking by -5.3% against 2021 figures. Overall, exports, however, posted strong growth. The pace of growth appeared the most rapid in 2015 with an increase of 96%. Over the period under review, the exports hit record highs at X tons in 2021, and then shrank in the following year.

In value terms, butter and dairy spreads exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of 44% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

Germany (X tons), Italy (X tons) and Slovenia (X tons) were the main destinations of butter and dairy spreads exports from Austria, together comprising 77% of total exports. Hungary, Croatia, Romania, Spain and Slovakia lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Croatia (with a CAGR of +130.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for butter and dairy spreads exported from Austria were Germany ($X), Italy ($X) and Slovenia ($X), together comprising 78% of total exports. Hungary, Romania, Croatia, Spain and Slovakia lagged somewhat behind, together comprising a further 19%.

Croatia, with a CAGR of +144.1%, recorded the highest growth rate of the value of exports, among 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

The average butter and dairy spreads export price stood at $X per ton in 2022, with an increase of 31% against the previous year. Overall, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butter and dairy spreads export price increased by +43.9% against 2020 indices. The growth pace was the most rapid in 2017 when the average export price increased by 39% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Italy ($X per ton) and Spain ($X per ton), while the average price for exports to Croatia ($X per ton) and Slovakia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Butter And Dairy Spreads

Imports into Austria

Butter and dairy spreads imports into Austria rose notably to X tons in 2022, increasing by 8.4% compared with the previous year. The total import volume increased at an average annual rate of +3.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 with an increase of 10%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, butter and dairy spreads imports soared to $X in 2022. Over the period under review, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +8.3% 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 +64.2% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of butter and dairy spreads to Austria, accounting for a 70% share of total imports. Moreover, butter and dairy spreads imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold. The third position in this ranking was held by Italy (X tons), with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+5.5% per year) and Italy (+16.2% per year).

In value terms, Germany ($X) constituted the largest supplier of butter and dairy spreads to Austria, comprising 71% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 16% share of total imports. It was followed by Italy, with a 5.9% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+11.3% per year) and Italy (+23.4% per year).

Import Prices by Country

In 2022, the average butter and dairy spreads import price amounted to $X per ton, with an increase of 34% against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butter and dairy spreads import price increased by +48.7% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the average import price increased by 41%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($X per ton) and Poland ($X per ton), while the price for Ireland ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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