Austria: Market for Frozen Vegetables other than Potato and Corn 2024

Market Size for Frozen Vegetables other than Potato and Corn in Austria

The Austrian market for frozen vegetables other than potato and corn expanded remarkably to $X in 2022, surging by 8.5% against the previous year. Over the period under review, the total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -2.1% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Production of Frozen Vegetables other than Potato and Corn in Austria

In value terms, production of frozen vegetables other than potato and corn reduced modestly to $X in 2022 estimated in export price. Overall, production showed a abrupt descent. The growth pace was the most rapid in 2021 with an increase of 5.1% against the previous year. Over the period under review, production of hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Frozen Vegetables other than Potato and Corn

Exports from Austria

In 2022, shipments abroad of frozen vegetables other than potato and corn increased by 0.6% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by 19%. Over the period under review, the exports of attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of frozen vegetables other than potato and corn declined to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 34% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), Hungary (X tons) and Belgium (X tons) were the main destinations of exports of frozen vegetables other than potato and corn from Austria, together accounting for 53% of total exports. The Czech Republic, Italy, Slovakia, Slovenia, France, Croatia, Poland, the Netherlands, Romania and Serbia lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2022, the biggest increases were recorded for Serbia (with a CAGR of +30.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Germany ($X) and Hungary ($X) appeared to be the largest markets for frozen vegetables other than potato and corn exported from Austria worldwide, together accounting for 51% of total exports. The Czech Republic, Italy, Slovenia, Slovakia, France, Romania, the Netherlands, Croatia, Poland and Serbia lagged somewhat behind, together comprising a further 41%.

Serbia, with a CAGR of +14.3%, saw the highest rates of growth with regard to 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 export price for frozen vegetables other than potato and corn stood at $X per ton in 2022, shrinking by -9.3% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 13% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Poland ($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 Belgium (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Vegetables other than Potato and Corn

Imports into Austria

In 2022, after two years of decline, there was growth in supplies from abroad of frozen vegetables other than potato and corn, when their volume increased by 4.6% to X tons. The total import volume increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 with an increase of 23%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of frozen vegetables other than potato and corn rose slightly to $X in 2022. The total import value increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 17% against the previous year. As a result, imports attained the peak of $X; afterwards, it flattened through to 2022.

Imports by Country

Germany (X tons), Belgium (X tons) and Poland (X tons) were the main suppliers of imports of frozen vegetables other than potato and corn to Austria, together accounting for 77% of total imports. The Netherlands, Italy, Spain, the Czech Republic, France and Hungary lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +30.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and the Netherlands ($X) constituted the largest frozen vegetables other than potato and corn suppliers to Austria, with a combined 74% share of total imports. Poland, Spain, France, Italy, the Czech Republic and Hungary lagged somewhat behind, together accounting for a further 20%.

Among the main suppliers, the Czech Republic, with a CAGR of +28.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for frozen vegetables other than potato and corn amounted to $X per ton, declining by -2.9% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 11%. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then reduced slightly in the following year.

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 Spain ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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