Austria: Market for Evaporated And Condensed Milk 2024

Market Size for Evaporated And Condensed Milk in Austria

In 2022, the Austrian evaporated and condensed milk market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Evaporated And Condensed Milk in Austria

In value terms, evaporated and condensed milk production reduced dramatically to $X in 2022 estimated in export price. Overall, production, however, showed a pronounced decrease. The pace of growth was the most pronounced in 2021 with an increase of 52%. Evaporated and condensed milk production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Evaporated And Condensed Milk

Exports from Austria

In 2022, approx. X tons of evaporated and condensed milk were exported from Austria; growing by 78% compared with the previous year's figure. Overall, exports saw a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, evaporated and condensed milk exports soared to $X in 2022. In general, exports enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2018 when exports increased by 70% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Italy (X tons) was the main destination for evaporated and condensed milk exports from Austria, with a 78% share of total exports. Moreover, evaporated and condensed milk exports to Italy exceeded the volume sent to the second major destination, Slovakia (X tons), more than tenfold. Germany (X tons) ranked third in terms of total exports with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy totaled +52.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+0.8% per year) and Germany (+12.5% per year).

In value terms, Italy ($X) remains the key foreign market for evaporated and condensed milk exports from Austria, comprising 65% of total exports. The second position in the ranking was held by Slovakia ($X), with an 11% share of total exports. It was followed by Germany, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Italy amounted to +47.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+0.6% per year) and Germany (+9.4% per year).

Export Prices by Country

In 2022, the average evaporated and condensed milk export price amounted to $X per ton, shrinking by -31.9% against the previous year. In general, the export price recorded a abrupt descent. The pace of growth was the most pronounced in 2014 an increase of 28%. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, 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 Bulgaria (+13.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Evaporated And Condensed Milk

Imports into Austria

In 2022, supplies from abroad of evaporated and condensed milk increased by 266% to X tons, rising for the second year in a row after three years of decline. In general, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, evaporated and condensed milk imports skyrocketed to $X in 2022. Over the period under review, imports showed a resilient increase. 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) constituted the largest evaporated and condensed milk supplier to Austria, accounting for a 87% share of total imports. Moreover, evaporated and condensed milk imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to +21.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+45.7% per year) and Slovenia (+12.0% per year).

In value terms, Germany ($X) constituted the largest supplier of evaporated and condensed milk to Austria, comprising 84% of total imports. The second position in the ranking was held by Slovenia ($X), with a 5.5% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +16.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+4.9% per year) and France (+25.7% per year).

Import Prices by Country

In 2022, the average evaporated and condensed milk import price amounted to $X per ton, almost unchanged from the previous year. In general, the import price continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2014 when the average import price increased by 81%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average 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 Slovenia ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-4.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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