Austria: Dry Bean Market 2024

Dry Bean Market Size in Austria

The Austrian dry bean market skyrocketed to $X in 2022, jumping by 25% 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, the total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.1% 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 +50.5% against 2016 indices. Dry bean consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Dry Bean Exports

Exports from Austria

In 2022, overseas shipments of beans (dry) increased by 39% to X tons for the first time since 2018, thus ending a three-year declining trend. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 73% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, dry bean exports rose to $X in 2022. Overall, total exports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +7.2% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 91% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for dry bean exports from Austria, accounting for a 49% share of total exports. Moreover, dry bean exports to Germany exceeded the volume sent to the second major destination, Hungary (X tons), threefold. Switzerland (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to -1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+5.8% per year) and Switzerland (-6.7% per year).

In value terms, Germany ($X) remains the key foreign market for beans (dry) exports from Austria, comprising 58% of total exports. The second position in the ranking was held by Switzerland ($X), with a 9.6% share of total exports. It was followed by Slovenia, with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at +4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (-1.2% per year) and Slovenia (+11.0% per year).

Export Prices by Country

In 2022, the average dry bean export price amounted to $X per ton, declining by -25.3% against the previous year. Over the period under review, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the average export price increased by 82% against the previous year. Over the period under review, the average export prices reached the maximum 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 France ($X per ton), while the average price for exports to Hungary ($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 Italy (+18.1%), while the prices for the other major destinations experienced more modest paces of growth.

Dry Bean Imports

Imports into Austria

In 2022, imports of beans (dry) into Austria surged to X tons, increasing by 29% on the year before. The total import volume increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, dry bean imports skyrocketed to $X in 2022. Overall, total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.4% 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 +51.0% against 2019 indices. The pace of growth appeared the most rapid in 2014 with an increase of 32%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of dry bean to Austria, accounting for a 30% share of total imports. Moreover, dry bean imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The third position in this ranking was held by Germany (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+27.7% per year) and Germany (-7.8% per year).

In value terms, China ($X) constituted the largest supplier of beans (dry) to Austria, comprising 38% of total imports. The second position in the ranking was held by Germany ($X), with a 17% share of total imports. It was followed by Italy, with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.3% per year) and Italy (+22.6% per year).

Import Prices by Country

In 2022, the average dry bean import price amounted to $X per ton, which is down by -3.2% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The pace of growth appeared the most rapid in 2013 an increase of 27% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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