Austria: Market for Fish Fats And Oils 2024

Market Size for Fish Fats And Oils in Austria

The Austrian fish fat and oil market rose modestly to $X in 2022, growing by 1.5% against the previous year. Over the period under review, the total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.7% 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 +45.6% against 2017 indices. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Production of Fish Fats And Oils in Austria

In value terms, fish fat and oil production rose slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.5% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of 30% against the previous year. Fish fat and oil production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Fish Fats And Oils

Exports from Austria

In 2022, after two years of decline, there was significant growth in shipments abroad of fish fats and oils, when their volume increased by 159% to X tons. Over the period under review, exports, however, saw a deep contraction. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, fish fat and oil exports skyrocketed to $X in 2022. In general, exports, however, showed a deep downturn. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Czech Republic (X tons) was the main destination for fish fat and oil exports from Austria, with a 46% share of total exports. Moreover, fish fat and oil exports to the Czech Republic exceeded the volume sent to the second major destination, Germany (X tons), twofold. Slovenia (X tons) ranked third in terms of total exports with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Czech Republic amounted to +28.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+13.8% per year) and Slovenia (+39.0% per year).

In value terms, Germany ($X), Serbia ($X) and the Czech Republic ($X) were the largest markets for fish fat and oil exported from Austria worldwide, together accounting for 69% of total exports. Iran, Switzerland, Slovenia and Italy lagged somewhat behind, together comprising a further 30%.

Iran, with a CAGR of +585.9%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average fish fat and oil export price stood at $X per ton in 2022, picking up by 19% against the previous year. Overall, export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fish fat and oil export price increased by +77.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 29% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iran ($X per ton), while the average price for exports to the Czech Republic ($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 (+12.8%), while the prices for the other major destinations experienced a decline.

Imports of Fish Fats And Oils

Imports into Austria

In 2022, the amount of fish fats and oils imported into Austria totaled X tons, increasing by 1.8% on the year before. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by 29% against the previous year. Imports peaked at X tons in 2012; afterwards, it flattened through to 2022.

In value terms, fish fat and oil imports expanded significantly to $X in 2022. Overall, imports continue to indicate strong growth. The growth pace was the most rapid in 2019 when imports increased by 27% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

The Netherlands (X tons), Germany (X tons) and France (X tons) were the main suppliers of fish fat and oil imports to Austria, together comprising 84% of total imports. Spain, Sweden, Ireland, the UK and Norway lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +26.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of fish fats and oils to Austria, comprising 73% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 13% share of total imports. It was followed by France, with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+32.8% per year) and France (+2.3% per year).

Import Prices by Country

In 2022, the average fish fat and oil import price amounted to $X per ton, with an increase of 3.7% against the previous year. In general, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fish fat and oil import price increased by +73.6% against 2016 indices. The growth pace was the most rapid in 2013 an increase of 31% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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