Austria: Festive Articles Market 2024

Festive Articles Market Size in Austria

In 2022, after two years of decline, there was growth in the Austrian festive articles market, when its value increased by 2.1% to $X. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Festive Articles Exports

Exports from Austria

In 2022, after two years of decline, there was significant growth in overseas shipments of festive or carnival articles, when their volume increased by 44% to X tons. Over the period under review, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, festive articles exports surged to $X in 2022. In general, exports saw a relatively flat trend pattern. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for festive articles exports from Austria, accounting for a 42% share of total exports. Moreover, festive articles exports to Germany exceeded the volume sent to the second major destination, Switzerland (X tons), fivefold. The third position in this ranking was taken by Slovenia (X tons), with an 8% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled +4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (-12.5% per year) and Slovenia (+9.7% per year).

In value terms, Germany ($X) remains the key foreign market for festive or carnival articles exports from Austria, comprising 53% of total exports. The second position in the ranking was taken by Switzerland ($X), with a 5.4% share of total exports. It was followed by Croatia, with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to +6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (-14.0% per year) and Croatia (+7.4% per year).

Export Prices by Country

In 2022, the average festive articles export price amounted to $X per ton, waning by -2% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 29%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Finland ($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 Slovakia (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Festive Articles Imports

Imports into Austria

After two years of decline, overseas purchases of festive or carnival articles increased by 1% to X tons in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 37%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, festive articles imports totaled $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 31%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of festive articles to Austria, accounting for a 63% share of total imports. Moreover, festive articles imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. Italy (X tons) ranked third in terms of total imports with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-9.5% per year) and Italy (+14.3% per year).

In value terms, Germany ($X) constituted the largest supplier of festive or carnival articles to Austria, comprising 60% of total imports. The second position in the ranking was taken by China ($X), with a 15% share of total imports. It was followed by Slovakia, with a 6.2% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-7.9% per year) and Slovakia (+62.3% per year).

Import Prices by Country

The average festive articles import price stood at $X per ton in 2022, picking up by 12% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 15%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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 Slovakia ($X per ton), while the price for Italy ($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 (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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