Austria: Frozen Pork Cut Market 2024

Frozen Pork Cut Market Size in Austria

In 2022, the Austrian frozen pork cut market increased by 85% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption continues to indicate a relatively flat trend pattern. Frozen pork cut consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Frozen Pork Cut Production in Austria

In value terms, frozen pork cut production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by 5.1% against the previous year. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Frozen Pork Cut Exports

Exports from Austria

After four years of growth, shipments abroad of frozen hams, shoulders and cuts of pig meat decreased by -41.1% to X tons in 2022. In general, exports, however, enjoyed a tangible expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 59% against the previous year. As a result, the exports reached the peak of X tons, and then dropped notably in the following year.

In value terms, frozen pork cut exports shrank remarkably to $X in 2022. Overall, exports, however, enjoyed a temperate increase. The most prominent rate of growth was recorded in 2021 when exports increased by 72%. As a result, the exports attained the peak of $X, and then dropped dramatically in the following year.

Exports by Country

China (X tons), South Korea (X tons) and Hungary (X tons) were the main destinations of frozen pork cut exports from Austria, together accounting for 88% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +179.8%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and Hungary ($X) appeared to be the largest markets for frozen pork cut exported from Austria worldwide, with a combined 87% share of total exports.

China, with a CAGR of +165.7%, recorded 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 frozen pork cut export price stood at $X per ton in 2022, shrinking by -21.9% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 19%. The export price peaked at $X per ton in 2021, and then reduced notably in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the Netherlands ($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 Hong Kong SAR (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Pork Cut Imports

Imports into Austria

In 2022, overseas purchases of frozen hams, shoulders and cuts of pig meat decreased by -32.2% to X tons, falling for the third consecutive year after two years of growth. In general, imports saw a pronounced decrease. The most prominent rate of growth was recorded in 2019 when imports increased by 99%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, frozen pork cut imports fell markedly to $X in 2022. Overall, imports showed a deep setback. The most prominent rate of growth was recorded in 2019 when imports increased by 132% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) constituted the largest frozen pork cut supplier to Austria, accounting for a 84% share of total imports. Moreover, frozen pork cut imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), eightfold. Italy (X tons) ranked third in terms of total imports with a 1.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at -3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+16.6% per year) and Italy (-17.5% per year).

In value terms, Germany ($X) constituted the largest supplier of frozen hams, shoulders and cuts of pig meat to Austria, comprising 83% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 7.4% share of total imports. It was followed by Italy, with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to -4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+13.6% per year) and Italy (-12.1% per year).

Import Prices by Country

The average frozen pork cut import price stood at $X per ton in 2022, rising by 1.8% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 18% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 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 Italy ($X per ton), while the price for the Netherlands ($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 (+15.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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