Austria: Prepared Mustard Market 2024

Prepared Mustard Market Size in Austria

In 2021, the Austrian prepared mustard market increased by 8.4% to $X, rising for the second year in a row after three years of decline. In general, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Prepared Mustard Production in Austria

In value terms, prepared mustard production expanded significantly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2016 when the production volume increased by 45%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Prepared Mustard Exports

Exports from Austria

In 2021, approx. X tons of prepared mustard were exported from Austria; approximately equating 2020 figures. Overall, total exports indicated measured growth from 2012 to 2021: its volume increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -24.7% against 2019 indices. The pace of growth was the most pronounced in 2019 when exports increased by 67%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, prepared mustard exports amounted to $X in 2021. Over the period under review, total exports indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -26.3% against 2019 indices. The pace of growth appeared the most rapid in 2014 with an increase of 55%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for prepared mustard exports from Austria, with a 49% share of total exports. Moreover, prepared mustard exports to Germany exceeded the volume sent to the second major destination, Croatia (X tons), fivefold. The third position in this ranking was taken by Hungary (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at +8.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (+14.0% per year) and Hungary (-0.1% per year).

In value terms, Germany ($X) remains the key foreign market for prepared mustard exports from Austria, comprising 56% of total exports. The second position in the ranking was held by Hungary ($X), with a 9.9% share of total exports. It was followed by Italy, with an 8.6% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled +3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+1.4% per year) and Italy (+1.7% per year).

Export Prices by Country

In 2021, the average prepared mustard export price amounted to $X per ton, with an increase of 3.2% against the previous year. Over the period under review, the export price, however, saw a slight reduction. The pace of growth was the most pronounced in 2014 an increase of 18% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Slovakia ($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 Switzerland (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Mustard Imports

Imports into Austria

Prepared mustard imports into Austria rose sharply to X tons in 2021, surging by 14% against 2020 figures. Over the period under review, imports showed a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of 83% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, prepared mustard imports expanded rapidly to $X in 2021. Overall, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +37.3% against 2014 indices. The most prominent rate of growth was recorded in 2014 with an increase of 54%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest prepared mustard supplier to Austria, with a 78% share of total imports. Moreover, prepared mustard imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), sixfold. The Netherlands (X tons) ranked third in terms of total imports with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +12.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+11.2% per year) and the Netherlands (+34.3% per year).

In value terms, Germany ($X) constituted the largest supplier of prepared mustard to Austria, comprising 81% of total imports. The second position in the ranking was taken by France ($X), with a 9.4% share of total imports. It was followed by the Netherlands, with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+12.2% per year) and the Netherlands (+17.0% per year).

Import Prices by Country

In 2021, the average prepared mustard import price amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the import price continues to indicate a noticeable decline. The growth pace was the most rapid in 2013 when the average import price increased by 12% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

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 the Czech Republic ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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