Austria: Chocolate Market 2024

Chocolate Market Size in Austria

In 2022, the Austrian chocolate market decreased by -16.6% to $X, falling for the third consecutive year after two years of growth. Over the period under review, consumption showed a abrupt curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Chocolate Production in Austria

In value terms, chocolate production surged to $X in 2022 estimated in export price. In general, production, however, recorded a mild contraction. Chocolate production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Chocolate Exports

Exports from Austria

Chocolate exports from Austria was estimated at X tons in 2022, remaining stable against the previous year. The total export volume increased at an average annual rate of +3.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by 20% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, chocolate exports declined slightly to $X in 2022. The total export value increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by 22% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then declined in the following year.

Exports by Country

Germany (X tons) was the main destination for chocolate exports from Austria, with a 27% share of total exports. Moreover, chocolate exports to Germany exceeded the volume sent to the second major destination, Poland (X tons), threefold. The third position in this ranking was taken by the Czech Republic (X tons), with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled +1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+28.2% per year) and the Czech Republic (+8.7% per year).

In value terms, Germany ($X) remains the key foreign market for chocolate and cocoa products exports from Austria, comprising 28% of total exports. The second position in the ranking was taken by Russia ($X), with a 7.8% share of total exports. It was followed by the Czech Republic, with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+38.3% per year) and the Czech Republic (+6.8% per year).

Export Prices by Country

The average chocolate export price stood at $X per ton in 2022, waning by -2.6% against the previous year. In general, the export price showed a slight shrinkage. The pace of growth was the most pronounced in 2020 when the average export price increased by 6.6%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 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 the United States ($X per ton), while the average price for exports to Croatia ($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 United States (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.

Chocolate Imports

Imports into Austria

In 2022, the amount of chocolate and cocoa products imported into Austria shrank modestly to X tons, which is down by -4.3% compared with the previous year's figure. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 7.7% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, chocolate imports reduced to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 12%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of chocolate to Austria, accounting for a 54% share of total imports. Moreover, chocolate imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), sixfold. The third position in this ranking was taken by the Netherlands (X tons), with a 7.9% share.

From 2012 to 2022, the average annual growth rate of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+7.0% per year) and the Netherlands (+0.3% per year).

In value terms, Germany ($X) constituted the largest supplier of chocolate and cocoa products to Austria, comprising 58% of total imports. The second position in the ranking was held by Italy ($X), with a 7.8% share of total imports. It was followed by Slovakia, with a 6.3% share.

From 2012 to 2022, 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: Italy (+5.4% per year) and Slovakia (+17.5% per year).

Import Prices by Country

The average chocolate import price stood at $X per ton in 2022, which is down by -2% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by 9.3% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Slovakia ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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