Austria: Market for Preparations Used In Animal Feeding 2024

Market Size for Preparations Used In Animal Feeding in Austria

The Austrian preparations for animal feeding market surged to $X in 2022, with an increase of 17% against the previous year. The market value increased at an average annual rate of +3.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Preparations Used In Animal Feeding in Austria

In value terms, preparations for animal feeding production surged to $X in 2022 estimated in export price. Overall, the total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% 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 +87.0% against 2016 indices. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Preparations Used In Animal Feeding

Exports from Austria

In 2022, overseas shipments of preparations used in animal feeding decreased by -6.8% to X tons, falling for the second consecutive year after nine years of growth. Overall, total exports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +7.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -11.1% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 27%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, preparations for animal feeding exports contracted modestly to $X in 2022. Over the period under review, total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +8.1% 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 +65.9% against 2015 indices. The growth pace was the most rapid in 2013 when exports increased by 33%. The exports peaked at $X in 2021, and then contracted in the following year.

Exports by Country

Germany (X tons) was the main destination for preparations for animal feeding exports from Austria, accounting for a 35% share of total exports. Moreover, preparations for animal feeding exports to Germany exceeded the volume sent to the second major destination, Hungary (X tons), twofold. Italy (X tons) ranked third in terms of total exports with an 8.3% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to +9.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+8.8% per year) and Italy (+4.3% per year).

In value terms, Germany ($X) remains the key foreign market for preparations used in animal feeding exports from Austria, comprising 29% of total exports. The second position in the ranking was taken by Hungary ($X), with a 9.3% share of total exports. It was followed by Italy, with a 9.1% share.

From 2012 to 2022, the average annual growth rate of value to Germany amounted to +6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+13.9% per year) and Italy (+7.5% per year).

Export Prices by Country

In 2022, the average preparations for animal feeding export price amounted to $X per ton, growing by 3.5% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by 19%. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Slovenia ($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 Switzerland (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Preparations Used In Animal Feeding

Imports into Austria

In 2022, purchases abroad of preparations used in animal feeding decreased by -12.5% to X tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 22% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, preparations for animal feeding imports contracted to $X in 2022. Over the period under review, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 35% against the previous year. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest preparations for animal feeding supplier to Austria, accounting for a 53% share of total imports. Moreover, preparations for animal feeding imports from Germany exceeded the figures recorded by the second-largest supplier, Hungary (X tons), fourfold. Switzerland (X tons) ranked third in terms of total imports with a 6.9% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+12.2% per year) and Switzerland (-4.8% per year).

In value terms, Germany ($X) constituted the largest supplier of preparations used in animal feeding to Austria, comprising 52% of total imports. The second position in the ranking was held by Hungary ($X), with a 16% share of total imports. It was followed by Switzerland, with an 8% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+21.3% per year) and Switzerland (-2.8% per year).

Import Prices by Country

In 2022, the average preparations for animal feeding import price amounted to $X per ton, rising by 2.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The pace of growth appeared the most rapid in 2018 an increase of 18% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :