Austria: Gingerbread Market 2024

Gingerbread Market Size in Austria

In 2022, the Austrian gingerbread market decreased by -7% to $X, falling for the second year in a row after four years of growth. Over the period under review, consumption saw a relatively flat trend pattern. Gingerbread consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Gingerbread Production in Austria

In value terms, gingerbread production rose notably to $X in 2022 estimated in export price. Overall, the total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +58.7% against 2016 indices. The growth pace was the most rapid in 2014 when the production volume increased by 18%. Gingerbread production peaked in 2022 and is expected to retain growth in years to come.

Gingerbread Exports

Exports from Austria

In 2022, shipments abroad of gingerbread decreased by -14.7% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, total exports indicated a slight increase from 2012 to 2022: its volume increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +90.1% against 2017 indices. The most prominent rate of growth was recorded in 2019 when exports increased by 52% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then fell in the following year.

In value terms, gingerbread exports shrank to $X in 2022. Over the period under review, total exports indicated a pronounced 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, exports increased by +94.5% against 2017 indices. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year. As a result, the exports reached the peak of $X, and then dropped in the following year.

Exports by Country

Italy (X tons), Serbia (X tons) and Hungary (X tons) were the main destinations of gingerbread exports from Austria, together accounting for 51% 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 Hungary (with a CAGR of +49.4%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and Hungary ($X) were the largest markets for gingerbread exported from Austria worldwide, together accounting for 47% of total exports.

In terms of the main countries of destination, Hungary, with a CAGR of +38.0%, recorded the highest rates of growth with regard to 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

In 2022, the average gingerbread export price amounted to $X per ton, rising by 3.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The growth pace was the most rapid in 2014 when the average export price increased by 25%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

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 ($X per ton), while the average price for exports to Serbia ($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 (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Gingerbread Imports

Imports into Austria

In 2022, the amount of gingerbread imported into Austria reduced to X tons, dropping by -5.4% compared with the previous year. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 7.8% against the previous year. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, gingerbread imports contracted modestly to $X in 2022. In general, imports recorded a slight setback. The pace of growth appeared the most rapid in 2018 when imports increased by 10% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) was the main gingerbread supplier to Austria, with a 92% share of total imports. Moreover, gingerbread imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+9.3% per year) and Poland (+2.9% per year).

In value terms, Germany ($X) constituted the largest supplier of gingerbread to Austria, comprising 93% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 3% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+9.9% per year) and Poland (+2.7% per year).

Import Prices by Country

In 2022, the average gingerbread import price amounted to $X per ton, rising by 1.9% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by 11% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat 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 Poland ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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