Austria: Market for Protein Concentrates and Flavoured or Coloured Sugar Syrups 2024

Market Size for Protein Concentrates and Flavoured or Coloured Sugar Syrups in Austria

The Austrian market for protein concentrates and flavoured or coloured sugar syrups declined markedly to $X in 2021, which is down by -26.7% against the previous year. In general, consumption continues to indicate a deep slump. Consumption of peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Production of Protein Concentrates and Flavoured or Coloured Sugar Syrups in Austria

In value terms, production of protein concentrates and flavoured or coloured sugar syrups contracted significantly to $X in 2021 estimated in export price. In general, production showed a deep slump. The most prominent rate of growth was recorded in 2020 when the production volume increased by 228% against the previous year. Production of peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Exports from Austria

For the fifth year in a row, Austria recorded growth in overseas shipments of protein concentrates and flavoured or coloured sugar syrups, which increased by 27% to X tons in 2021. Overall, exports showed a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 147%. Over the period under review, the exports of attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, exports of protein concentrates and flavoured or coloured sugar syrups surged to $X in 2021. In general, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 90% against the previous year. Over the period under review, the exports of reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for exports of protein concentrates and flavoured or coloured sugar syrups from Austria, accounting for a 43% share of total exports. Moreover, exports of protein concentrates and flavoured or coloured sugar syrups to Germany exceeded the volume sent to the second major destination, Italy (X tons), twofold. The Netherlands (X tons) ranked third in terms of total exports with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled +70.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+40.5% per year) and the Netherlands (+247.2% per year).

In value terms, Germany ($X) remains the key foreign market for protein concentrates and flavoured or coloured sugar syrups exports from Austria, comprising 43% of total exports. The second position in the ranking was taken by Italy ($X), with a 12% share of total exports. It was followed by the United States, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled +64.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+19.2% per year) and the United States (+1,379.8% per year).

Export Prices by Country

In 2021, the average export price for protein concentrates and flavoured or coloured sugar syrups amounted to $X per ton, rising by 18% against the previous year. In general, the export price, however, recorded a drastic downturn. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Spain ($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 France (+5.4%), while the prices for the other major destinations experienced a decline.

Imports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Imports into Austria

In 2021, overseas purchases of protein concentrates and flavoured or coloured sugar syrups decreased by -7.9% to X tons, falling for the second consecutive year after two years of growth. In general, imports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2018 when imports increased by 156% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, imports of protein concentrates and flavoured or coloured sugar syrups soared to $X in 2021. Overall, imports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2018 when imports increased by 68% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

Poland (X tons), Germany (X tons) and Switzerland (X tons) were the main suppliers of imports of protein concentrates and flavoured or coloured sugar syrups to Austria, together accounting for 64% of total imports. These countries were followed by the Netherlands, Serbia, Belgium, Hungary and the United States, which together accounted for a further 28%.

From 2012 to 2021, the biggest increases were recorded for Serbia (with a CAGR of +114.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest protein concentrate and flavoured or coloured sugar syrup suppliers to Austria were Germany ($X), the Netherlands ($X) and Switzerland ($X), together comprising 66% of total imports. These countries were followed by Poland, Hungary, Belgium, Serbia and the United States, which together accounted for a further 21%.

Serbia, with a CAGR of +102.9%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for protein concentrates and flavoured or coloured sugar syrups amounted to $X per ton, with an increase of 31% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 34%. Over the period under review, average import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices stood 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 United States ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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