Austria: Poppy Seed Market 2024

Poppy Seed Market Size in Austria

The Austrian poppy seed market reduced dramatically to $X in 2022, declining by -22.5% against the previous year. Overall, consumption recorded a perceptible decline. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Poppy Seed Production in Austria

In value terms, poppy seed production shrank modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate prominent growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 59%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

In 2022, the average poppy seed yield in Austria reduced to X kg per ha, approximately mirroring 2021. In general, the yield recorded a noticeable slump. The most prominent rate of growth was recorded in 2014 when the yield increased by 16%. As a result, the yield reached the peak level of X kg per ha. From 2015 to 2022, the growth of the average poppy seed yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of poppy seed production in Austria reached X ha, leveling off at the year before. Over the period under review, the harvested area posted buoyant growth. The pace of growth was the most pronounced in 2015 with an increase of 45%. The poppy seed harvested area peaked at X ha in 2020; afterwards, it flattened through to 2022.

Poppy Seed Exports

Exports from Austria

In 2022, overseas shipments of poppy seed decreased by -1.9% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, recorded slight growth. The most prominent rate of growth was recorded in 2019 with an increase of 40%. The exports peaked at X tons in 2021, and then dropped in the following year.

In value terms, poppy seed exports reduced slightly to $X in 2022. In general, exports, however, showed a perceptible increase. The pace of growth appeared the most rapid in 2018 when exports increased by 38%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for poppy seed exports from Austria, accounting for a 63% share of total exports. Moreover, poppy seed exports to Germany exceeded the volume sent to the second major destination, Hungary (X tons), fivefold. The third position in this ranking was held by Poland (X tons), with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled +1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-0.5% per year) and Poland (+5.7% per year).

In value terms, Germany ($X) remains the key foreign market for poppy seed exports from Austria, comprising 62% of total exports. The second position in the ranking was taken by Hungary ($X), with an 11% share of total exports. It was followed by Poland, with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at +4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+0.5% per year) and Poland (+7.3% per year).

Export Prices by Country

The average poppy seed export price stood at $X per ton in 2022, stabilizing at the previous year. Over the period under review, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, poppy seed export price decreased by -21.5% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of 61% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to the Czech Republic ($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 the Czech Republic (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Poppy Seed Imports

Imports into Austria

In 2022, approx. X tons of poppy seed were imported into Austria; falling by -16.4% against 2021. Overall, imports saw a noticeable setback. The most prominent rate of growth was recorded in 2020 with an increase of 28% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, poppy seed imports reduced notably to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 86% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the Czech Republic (X tons) constituted the largest poppy seed supplier to Austria, with a 67% share of total imports. Moreover, poppy seed imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. Hungary (X tons) ranked third in terms of total imports with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Czech Republic amounted to -3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.0% per year) and Hungary (+1.8% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of poppy seed to Austria, comprising 66% of total imports. The second position in the ranking was taken by Germany ($X), with a 17% share of total imports. It was followed by Hungary, with an 8.5% share.

From 2012 to 2022, the average annual growth rate of value from the Czech Republic amounted to -1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.7% per year) and Hungary (+3.1% per year).

Import Prices by Country

In 2022, the average poppy seed import price amounted to $X per ton, remaining relatively unchanged against the previous year. In general, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, poppy seed import price decreased by -28.7% against 2018 indices. The growth pace was the most rapid in 2018 when the average import price increased by 87%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Netherlands ($X per ton) and Poland ($X per ton), while the price for Germany ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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