Austria: Market for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs 2024

Market Size for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in Austria

In 2021, the Austrian seafood meals and pellets market decreased by -19.3% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption, however, showed a prominent increase. Over the period under review, the market reached the maximum level at $X in 2020, and then reduced notably in the following year.

Production of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in Austria

In value terms, seafood meals and pellets production reduced rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, posted significant growth. The growth pace was the most rapid in 2014 when the production volume increased by 271%. Over the period under review, production hit record highs at $X in 2020, and then reduced rapidly in the following year.

Exports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Exports from Austria

In 2021, overseas shipments of flours, meals and pellets of fish or of crustaceans and molluscs increased by 49% to X kg, rising for the third consecutive year after two years of decline. Over the period under review, exports, however, saw a dramatic decline. The growth pace was the most rapid in 2016 when exports increased by 125% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, seafood meals and pellets exports soared to $X in 2021. Overall, exports, however, continue to indicate a sharp shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 255% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Switzerland (X kg), Slovenia (X kg) and Germany (X kg) were the main destinations of seafood meals and pellets exports from Austria, with a combined 90% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland (with a CAGR of +91.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for seafood meals and pellets exported from Austria were Switzerland ($X), Germany ($X) and Slovenia ($X), with a combined 95% share of total exports.

Among the main countries of destination, Switzerland, with a CAGR of +194.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average seafood meals and pellets export price stood at $X per ton in 2021, jumping by 25% against the previous year. In general, the export price saw significant growth. The pace of growth appeared the most rapid in 2015 when the average export price increased by 97%. Over the period under review, the average export prices reached the maximum in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Switzerland ($X per ton), while the average price for exports to Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+53.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Imports into Austria

In 2021, purchases abroad of flours, meals and pellets of fish or of crustaceans and molluscs decreased by -7.3% to X tons for the first time since 2016, thus ending a four-year rising trend. Overall, imports saw a mild shrinkage. The growth pace was the most rapid in 2019 with an increase of 10%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, seafood meals and pellets imports fell slightly to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 29%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Germany (X tons), Denmark (X tons) and Ireland (X tons) were the main suppliers of seafood meals and pellets imports to Austria, with a combined 98% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Ireland (with a CAGR of +291.9%), while purchases for the other leaders experienced a decline.

In value terms, the largest seafood meals and pellets suppliers to Austria were Germany ($X), Denmark ($X) and Ireland ($X), with a combined 98% share of total imports.

In terms of the main suppliers, Ireland, with a CAGR of +312.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average seafood meals and pellets import price stood at $X per ton in 2021, picking up by 6.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. The pace of growth was the most pronounced in 2013 when the average import price increased by 24%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Ireland ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ireland (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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