Austria: Market for Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified 2024

Market Size for Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified in Austria

In 2021, the Austrian market for sunflower-seed or safflower oil, refined, but not chemically modified decreased by -31.9% to $X, falling for the second consecutive year after two years of growth. In general, consumption recorded a mild setback. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified in Austria

In value terms, production of sunflower-seed or safflower oil, refined, but not chemically modified fell remarkably to $X in 2021 estimated in export price. Over the period under review, production recorded a drastic downturn. The pace of growth was the most pronounced in 2015 when the production volume increased by 23% against the previous year. Over the period under review, production of attained the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified

Exports from Austria

Exports of sunflower-seed or safflower oil, refined, but not chemically modified from Austria soared to X tons in 2021, rising by 21% compared with 2020. Overall, exports, however, saw a slight curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 31%. Over the period under review, the exports of attained the maximum at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of sunflower-seed or safflower oil, refined, but not chemically modified surged to $X in 2021. In general, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports of reached the maximum at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for exports of sunflower-seed or safflower oil, refined, but not chemically modified from Austria, accounting for a 51% share of total exports. Moreover, exports of sunflower-seed or safflower oil, refined, but not chemically modified to Germany exceeded the volume sent to the second major destination, Poland (X tons), fourfold. Switzerland (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+12.5% per year) and Switzerland (+3.1% per year).

In value terms, Germany ($X) remains the key foreign market for sunflower-seed or safflower oil, refined, but not chemically modified exports from Austria, comprising 56% of total exports. The second position in the ranking was held by Poland ($X), with a 10% share of total exports. It was followed by Switzerland, with a 9.6% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to +6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+11.6% per year) and Switzerland (+2.2% per year).

Export Prices by Country

The average export price for sunflower-seed or safflower oil, refined, but not chemically modified stood at $X per ton in 2021, jumping by 27% against the previous year. Overall, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2021, the countries with the highest prices were Italy ($X per ton) and Hungary ($X per ton), while the average price for exports to Poland ($X per ton) and Switzerland ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified

Imports into Austria

In 2021, supplies from abroad of sunflower-seed or safflower oil, refined, but not chemically modified increased by 35% to X tons, rising for the fifth year in a row after four years of decline. In general, imports continue to indicate notable growth. The pace of growth appeared the most rapid in 2018 when imports increased by 44% against the previous year. Over the period under review, imports of reached the peak figure in 2021 and are likely to see steady growth in the immediate term.

In value terms, imports of sunflower-seed or safflower oil, refined, but not chemically modified surged to $X in 2021. Over the period under review, imports enjoyed a temperate increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Hungary (X tons) constituted the largest supplier of sunflower-seed or safflower oil, refined, but not chemically modified to Austria, with a 52% share of total imports. Moreover, imports of sunflower-seed or safflower oil, refined, but not chemically modified from Hungary exceeded the figures recorded by the second-largest supplier, France (X tons), sevenfold. Bosnia and Herzegovina (X tons) ranked third in terms of total imports with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Hungary amounted to +20.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+16.4% per year) and Bosnia and Herzegovina (+2.5% per year).

In value terms, Hungary ($X) constituted the largest supplier of sunflower-seed or safflower oil, refined, but not chemically modified to Austria, comprising 47% of total imports. The second position in the ranking was held by France ($X), with a 7.8% share of total imports. It was followed by the Netherlands, with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Hungary totaled +18.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+15.3% per year) and the Netherlands (+34.9% per year).

Import Prices by Country

In 2021, the average import price for sunflower-seed or safflower oil, refined, but not chemically modified amounted to $X per ton, with an increase of 32% against the previous year. In general, the import price, however, continues to indicate a slight reduction. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from Germany ($X per ton) and Romania ($X per ton), while the price for Hungary ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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