Austria: Prepared Baking Powder Market 2024

Prepared Baking Powder Market Size in Austria

In 2022, after two years of decline, there was significant growth in the Austrian prepared baking powder market, when its value increased by 5.8% to $X. In general, consumption, however, continues to indicate a relatively flat trend pattern. Prepared baking powder consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Prepared Baking Powder Production in Austria

In value terms, prepared baking powder production stood at $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 50%. Over the period under review, production reached the maximum level in 2022 and is likely to continue growth in the near future.

Prepared Baking Powder Exports

Exports from Austria

In 2022, approx. X tons of prepared baking powders were exported from Austria; rising by 20% compared with the previous year's figure. Over the period under review, total exports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +3.7% 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 -23.7% against 2019 indices. The most prominent rate of growth was recorded in 2019 when exports increased by 133% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, prepared baking powder exports surged to $X in 2022. Overall, total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.7% 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 +5.4% against 2019 indices. The growth pace was the most rapid in 2019 when exports increased by 93% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Hungary (X tons), Italy (X tons) and Switzerland (X tons) were the main destinations of prepared baking powder exports from Austria, with a combined 62% share of total exports. Slovenia, Russia, the Czech Republic, Romania, Germany, Jordan and Poland lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +28.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for prepared baking powder exported from Austria were Hungary ($X), Italy ($X) and Switzerland ($X), together accounting for 62% of total exports. Slovenia, Russia, Germany, Romania, Jordan, the Czech Republic and Poland lagged somewhat behind, together comprising a further 31%.

Russia, with a CAGR of +26.4%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 prepared baking powder export price stood at $X per ton in 2022, rising by 12% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The growth pace was the most rapid in 2014 an increase of 19% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to the Czech Republic ($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 Poland (+12.9%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Baking Powder Imports

Imports into Austria

In 2022, purchases abroad of prepared baking powders decreased by -10.6% to X tons, falling for the third year in a row after two years of growth. Over the period under review, total imports 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, imports decreased by -42.9% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 33% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, prepared baking powder imports dropped to $X in 2022. Overall, total imports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -23.5% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 26% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of prepared baking powder to Austria, with a 80% share of total imports. Moreover, prepared baking powder imports from Germany exceeded the figures recorded by the second-largest supplier, Switzerland (X tons), tenfold. France (X tons) ranked third in terms of total imports with a 4.4% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (-3.3% per year) and France (+1.7% per year).

In value terms, Germany ($X) constituted the largest supplier of prepared baking powders to Austria, comprising 76% of total imports. The second position in the ranking was taken by Switzerland ($X), with a 12% share of total imports. It was followed by France, with a 2.9% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (-0.7% per year) and France (+1.3% per year).

Import Prices by Country

The average prepared baking powder import price stood at $X per ton in 2022, growing by 1.9% against the previous year. Over the period under review, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, prepared baking powder import price increased by +82.3% against 2015 indices. The most prominent rate of growth was recorded in 2021 an increase of 18% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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