Austria: Coffee Extract Market 2024

Coffee Extract Market Size in Austria

The Austrian coffee extract market declined to $X in 2021, waning by -2.4% against the previous year. In general, consumption, however, continues to indicate a noticeable downturn. The growth pace was the most rapid in 2020 when the market value increased by 4.2% against the previous year. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Coffee Extract Production in Austria

In value terms, coffee extract production shrank slightly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a slight shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 5.1%. Coffee extract production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Coffee Extract Exports

Exports from Austria

In 2021, the amount of coffee extracts, essences and concentrates exported from Austria skyrocketed to X tons, growing by 30% against the previous year's figure. The total export volume increased at an average annual rate of +7.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when exports increased by 43% against the previous year. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, coffee extract exports stood at $X in 2021. Overall, exports showed a slight increase. The pace of growth appeared the most rapid in 2019 when exports increased by 42%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for coffee extract exports from Austria, accounting for a 77% share of total exports. Moreover, coffee extract exports to the Netherlands exceeded the volume sent to the second major destination, Italy (X tons), more than tenfold. The third position in this ranking was held by Germany (X tons), with a 3.2% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands totaled +76.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-8.3% per year) and Germany (-5.1% per year).

In value terms, the Netherlands ($X) remains the key foreign market for coffee extracts, essences and concentrates exports from Austria, comprising 51% of total exports. The second position in the ranking was held by Switzerland ($X), with an 11% share of total exports. It was followed by Germany, with a 9% share.

From 2012 to 2021, the average annual growth rate of value to the Netherlands stood at +57.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+11.3% per year) and Germany (-0.3% per year).

Export Prices by Country

In 2021, the average coffee extract export price amounted to $X per ton, dropping by -22.8% against the previous year. Over the period under review, the export price saw a abrupt contraction. The most prominent rate of growth was recorded in 2019 an increase of 36% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Serbia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+27.5%), while the prices for the other major destinations experienced more modest paces of growth.

Coffee Extract Imports

Imports into Austria

After four years of decline, overseas purchases of coffee extracts, essences and concentrates increased by 15% to X tons in 2021. In general, imports, however, recorded a noticeable decline. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, coffee extract imports amounted to $X in 2021. Overall, imports, however, showed a noticeable curtailment. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of coffee extract to Austria, accounting for a 62% share of total imports. Moreover, coffee extract imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), tenfold. Spain (X tons) ranked third in terms of total imports with a 4.5% share.

From 2012 to 2021, 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: France (+13.3% per year) and Spain (+4.9% per year).

In value terms, Germany ($X) constituted the largest supplier of coffee extracts, essences and concentrates to Austria, comprising 60% of total imports. The second position in the ranking was held by France ($X), with an 8.1% share of total imports. It was followed by India, with a 7.1% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to -3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+9.8% per year) and India (+16.2% per year).

Import Prices by Country

In 2021, the average coffee extract import price amounted to $X per ton, shrinking by -4.1% against the previous year. In general, the import price continues to indicate a pronounced slump. The growth pace was the most rapid in 2017 an increase of 12%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+13.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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