Austria: Non-Wheat Cereal Pellets Market 2024

Non-Wheat Cereal Pellets Market Size in Austria

The Austrian non-wheat cereal pellets market expanded sharply to $X in 2021, picking up by 12% against the previous year. Overall, consumption recorded a prominent expansion. Non-wheat cereal pellets consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Non-Wheat Cereal Pellets Production in Austria

In value terms, non-wheat cereal pellets production surged to $X in 2021 estimated in export price. Over the period under review, production recorded prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 123% against the previous year. Non-wheat cereal pellets production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Non-Wheat Cereal Pellets Exports

Exports from Austria

In 2021, overseas shipments of cereal pellets (excluding wheat) decreased by -41.4% to X tons for the first time since 2016, thus ending a four-year rising trend. Over the period under review, exports, however, saw strong growth. The most prominent rate of growth was recorded in 2018 with an increase of 1,014%. The exports peaked at X tons in 2020, and then reduced remarkably in the following year.

In value terms, non-wheat cereal pellets exports contracted remarkably to $X in 2021. In general, exports recorded a mild decrease. The pace of growth appeared the most rapid in 2018 with an increase of 705% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) and Italy (X tons) were the main destinations of non-wheat cereal pellets exports from Austria.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +19.6%).

In value terms, the largest markets for non-wheat cereal pellets exported from Austria were Germany ($X) and Italy ($X).

In terms of the main countries of destination, Germany, with a CAGR of +10.6%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2021, the average non-wheat cereal pellets export price amounted to $X per ton, with an increase of 24% against the previous year. In general, the export price, however, saw a abrupt decrease. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Italy totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (-7.0%).

Non-Wheat Cereal Pellets Imports

Imports into Austria

In 2021, purchases abroad of cereal pellets (excluding wheat) decreased by -38.5% to X tons for the first time since 2016, thus ending a four-year rising trend. In general, total imports indicated slight growth from 2012 to 2021: its volume increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 49% against the previous year. As a result, imports reached the peak of X tons, and then fell rapidly in the following year.

In value terms, non-wheat cereal pellets imports shrank sharply to $X in 2021. Overall, imports, however, enjoyed a noticeable expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 57% against the previous year. As a result, imports reached the peak of $X, and then reduced remarkably in the following year.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of non-wheat cereal pellets to Austria, accounting for a 80% share of total imports. Moreover, non-wheat cereal pellets imports from Germany exceeded the figures recorded by the second-largest supplier, Hungary (X tons), ninefold. Italy (X tons) ranked third in terms of total imports with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+14.9% per year) and Italy (+11.4% per year).

In value terms, Germany ($X) constituted the largest supplier of cereal pellets (excluding wheat) to Austria, comprising 84% of total imports. The second position in the ranking was held by Italy ($X), with a 7.1% share of total imports. It was followed by Hungary, with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+12.7% per year) and Hungary (+15.4% per year).

Import Prices by Country

The average non-wheat cereal pellets import price stood at $X per ton in 2021, jumping by 24% against the previous year. Over the last nine years, it increased at an average annual rate of +2.9%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Germany ($X per ton) and the Czech Republic ($X per ton), while the price for Hungary ($X per ton) and Italy ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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