Austria: Market for Coconut, Abaca, Ramie and other Vegetable Textile Fibres 2024

Market Size for Coconut, Abaca, Ramie and other Vegetable Textile Fibres in Austria

The Austrian market for coconut, abaca, ramie and other vegetable textile fibres dropped to $X in 2022, which is down by -12.6% 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, however, saw a significant expansion. Consumption of peaked at $X in 2021, and then shrank in the following year.

Exports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Exports from Austria

In 2022, the amount of coconut, abaca, ramie and other vegetable textile fibres exported from Austria reduced notably to X tons, waning by -79.6% against the previous year's figure. Overall, exports faced a abrupt downturn. The pace of growth was the most pronounced in 2019 when exports increased by 494% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of coconut, abaca, ramie and other vegetable textile fibres plummeted to $X in 2022. In general, exports saw a abrupt descent. The pace of growth appeared the most rapid in 2019 when exports increased by 313% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Slovakia (X tons) was the main destination for exports of coconut, abaca, ramie and other vegetable textile fibres from Austria, accounting for a 87% share of total exports. Moreover, exports of coconut, abaca, ramie and other vegetable textile fibres to Slovakia exceeded the volume sent to the second major destination, Germany (X kg), tenfold. Italy (X kg) ranked third in terms of total exports with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Slovakia totaled +5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-28.1% per year) and Italy (+7.4% per year).

In value terms, Slovakia ($X), Germany ($X) and Italy ($X) appeared to be the largest markets for coconut, abaca, ramie and other vegetable textile fibre exported from Austria worldwide, with a combined 96% share of total exports.

Among the main countries of destination, Slovakia, with a CAGR of +0.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average export price for coconut, abaca, ramie and other vegetable textile fibres stood at $X per ton in 2022, dropping by -40.2% against the previous year. In general, the export price showed a deep contraction. The growth pace was the most rapid in 2018 an increase of 71% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Italy ($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 Germany (+8.5%), while the prices for the other major destinations experienced a decline.

Imports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Imports into Austria

Imports of coconut, abaca, ramie and other vegetable textile fibres into Austria declined notably to X tons in 2022, with a decrease of -15.5% against the year before. In general, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 329% against the previous year. As a result, imports reached the peak of X tons, and then dropped dramatically in the following year.

In value terms, imports of coconut, abaca, ramie and other vegetable textile fibres contracted to $X in 2022. Over the period under review, imports, however, showed strong growth. The most prominent rate of growth was recorded in 2014 when imports increased by 149% against the previous year. Imports peaked at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of coconut, abaca, ramie and other vegetable textile fibre to Austria, accounting for a 57% share of total imports. Moreover, imports of coconut, abaca, ramie and other vegetable textile fibres from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. Madagascar (X tons) ranked third in terms of total imports with an 8.5% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium stood at +174.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+19.7% per year) and Madagascar (+120.2% per year).

In value terms, Germany ($X), Madagascar ($X) and Belgium ($X) appeared to be the largest coconut, abaca, ramie and other vegetable textile fibre suppliers to Austria, with a combined 65% share of total imports. Kenya, Colombia, Slovakia and India lagged somewhat behind, together comprising a further 27%.

Slovakia, with a CAGR of +5,268.6%, recorded the highest rates of growth with regard to the value of imports, among 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 import price for coconut, abaca, ramie and other vegetable textile fibres stood at $X per ton in 2022, growing by 9.3% against the previous year. Overall, the import price, however, showed a deep slump. The pace of growth was the most pronounced in 2019 an increase of 123%. Over the period under review, average import prices attained the peak figure at $X per ton in 2020; however, from 2021 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 Kenya ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+10.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform