Austria: Canned Food Market 2024

Canned Food Market Size in Austria

In 2021, the Austrian canned food market increased by 5.8% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, saw a relatively flat trend pattern. Canned food consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Canned Food Production in Austria

In value terms, canned food production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by 13% against the previous year. Canned food production peaked in 2021 and is expected to retain growth in years to come.

Canned Food Exports

Exports from Austria

In 2021, approx. X tons of canned food were exported from Austria; surging by 5.9% on 2020 figures. The total export volume increased at an average annual rate of +3.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 11% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, canned food exports expanded rapidly to $X in 2021. The total export value increased at an average annual rate of +5.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when exports increased by 16%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Germany (X tons) was the main destination for canned food exports from Austria, with a 46% share of total exports. Moreover, canned food exports to Germany exceeded the volume sent to the second major destination, the Czech Republic (X tons), fourfold. Poland (X tons) ranked third in terms of total exports with a 4.7% share.

From 2012 to 2020, the average annual rate of growth in terms of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+7.9% per year) and Poland (+1.9% per year).

In value terms, Germany ($X) remains the key foreign market for canned food exports from Austria, comprising 50% of total exports. The second position in the ranking was taken by Italy ($X), with a 3.9% share of total exports. It was followed by Poland, with a 3.8% share.

From 2012 to 2020, the average annual growth rate of value to Germany stood at +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+2.8% per year) and Poland (+0.3% per year).

Export Prices by Country

The average canned food export price stood at $X per ton in 2020, rising by 1.5% against the previous year. Over the period from 2012 to 2020, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 11%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2020, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, 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 2020, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Food Imports

Imports into Austria

Canned food imports into Austria reached X tons in 2021, with an increase of 1.6% on the previous year. The total import volume increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by 13% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, canned food imports rose sharply to $X in 2021. The total import value increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when imports increased by 22%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

Germany (X tons), Italy (X tons) and Hungary (X tons) were the main suppliers of canned food imports to Austria, with a combined 72% share of total imports. These countries were followed by the Netherlands, Romania, Spain and the Czech Republic, which together accounted for a further 13%.

From 2012 to 2020, the biggest increases were recorded for Romania (with a CAGR of +18.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of canned food to Austria, comprising 45% of total imports. The second position in the ranking was taken by Hungary ($X), with a 13% share of total imports. It was followed by Italy, with a 12% share.

From 2012 to 2020, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+4.5% per year) and Italy (+4.4% per year).

Import Prices by Country

The average canned food import price stood at $X per ton in 2020, which is down by -4% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 8.3%. The import price peaked at $X per ton in 2014; however, from 2015 to 2020, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Romania ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Hungary (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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