Austria: Inulin Market 2024

Inulin Market Size in Austria

In 2021, the Austrian inulin market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2018 with an increase of 9.4% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Inulin Production in Austria

In value terms, inulin production shrank slightly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a abrupt descent. The growth pace was the most rapid in 2020 when the production volume increased by 5.8%. Inulin production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Inulin Exports

Exports from Austria

In 2021, inulin exports from Austria contracted markedly to X tons, falling by -15.6% against the previous year. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 104% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, inulin exports dropped to $X in 2021. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 103% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Singapore (X tons) was the main destination for inulin exports from Austria, with a 87% share of total exports. Moreover, inulin exports to Singapore exceeded the volume sent to the second major destination, Russia (X tons), more than tenfold. The third position in this ranking was taken by Italy (X kg), with a 2.8% share.

From 2012 to 2021, the average annual growth rate of volume to Singapore stood at +31.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+19.0% per year) and Italy (+27.9% per year).

In value terms, Singapore ($X) remains the key foreign market for inulin exports from Austria, comprising 79% of total exports. The second position in the ranking was held by Russia ($X), with a 6.5% share of total exports. It was followed by Italy, with a 4.2% share.

From 2012 to 2021, the average annual growth rate of value to Singapore stood at +21.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+20.6% per year) and Italy (+32.5% per year).

Export Prices by Country

The average inulin export price stood at $X per ton in 2021, with an increase of 11% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 14% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Germany ($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 the Czech Republic (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Inulin Imports

Imports into Austria

After two years of decline, overseas purchases of inulin increased by 32% to X tons in 2021. The total import volume increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 38% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, inulin imports surged to $X in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Belgium (X tons) constituted the largest supplier of inulin to Austria, with a 64% share of total imports. Moreover, inulin imports from Belgium exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium amounted to +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-2.8% per year) and Germany (+4.3% per year).

In value terms, the largest inulin suppliers to Austria were Belgium ($X), the Netherlands ($X) and Germany ($X), together accounting for 99% of total imports.

Germany, with a CAGR of +6.7%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average inulin import price stood at $X per ton in 2021, growing by 8.8% against the previous year. Overall, the import price, however, saw a mild decline. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+2.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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