Austria: Market for Buttermilk And Buttermilk Powder 2024

Market Size for Buttermilk And Buttermilk Powder in Austria

In 2022, the Austrian buttermilk and buttermilk powder market was finally on the rise to reach $X after three years of decline. In general, consumption, however, saw a pronounced curtailment. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Production of Buttermilk And Buttermilk Powder in Austria

In value terms, buttermilk and buttermilk powder production skyrocketed to $X in 2022 estimated in export price. In general, production faced a deep slump. The pace of growth was the most pronounced in 2014 when the production volume increased by 57% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Buttermilk And Buttermilk Powder

Exports from Austria

In 2022, shipments abroad of buttermilk and buttermilk powder increased by 9% to X tons, rising for the eighth consecutive year after two years of decline. In general, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 77% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, buttermilk and buttermilk powder exports skyrocketed to $X in 2022. Overall, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 89%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Italy (X tons) was the main destination for buttermilk and buttermilk powder exports from Austria, with a 70% share of total exports. Moreover, buttermilk and buttermilk powder exports to Italy exceeded the volume sent to the second major destination, Germany (X tons), fourfold. The third position in this ranking was taken by Spain (X tons), with a 5.6% share.

From 2012 to 2022, the average annual growth rate of volume to Italy totaled +26.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-2.4% per year) and Spain (+39.4% per year).

In value terms, Italy ($X) remains the key foreign market for buttermilk and buttermilk powder exports from Austria, comprising 72% of total exports. The second position in the ranking was held by Germany ($X), with a 14% share of total exports. It was followed by Spain, with a 4.8% share.

From 2012 to 2022, the average annual growth rate of value to Italy stood at +31.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+3.1% per year) and Spain (+35.4% per year).

Export Prices by Country

In 2022, the average buttermilk and buttermilk powder export price amounted to $X per ton, with an increase of 6.8% against the previous year. Over the last decade, it increased at an average annual rate of +4.6%. The growth pace was the most rapid in 2013 when the average export price increased by 27% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Poland ($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 (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Buttermilk And Buttermilk Powder

Imports into Austria

In 2022, imports of buttermilk and buttermilk powder into Austria surged to X tons, jumping by 103% against 2021 figures. In general, total imports indicated a modest increase from 2012 to 2022: its volume increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, buttermilk and buttermilk powder imports soared to $X in 2022. Overall, total imports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.5% 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 +70.0% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) was the main supplier of buttermilk and buttermilk powder to Austria, with a 91% share of total imports. Moreover, buttermilk and buttermilk powder imports from Germany exceeded the figures recorded by the second-largest supplier, Slovakia (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled +1.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+41.3% per year) and Italy (+27.7% per year).

In value terms, Germany ($X) constituted the largest supplier of buttermilk and buttermilk powder to Austria, comprising 83% of total imports. The second position in the ranking was taken by Slovakia ($X), with a 6.9% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+49.5% per year) and Italy (+19.9% per year).

Import Prices by Country

In 2022, the average buttermilk and buttermilk powder import price amounted to $X per ton, which is down by -21.6% against the previous year. Over the period under review, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.8% 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 an increase of 45% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, 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 Slovakia ($X per ton), while the price for Germany ($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 (+5.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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