Austria: Market for Rusks, Toasted Bread and Similar Toasted Products 2024

Market Size for Rusks, Toasted Bread and Similar Toasted Products in Austria

In 2021, the Austrian rusks and toasted bread market increased by 3.7% to $X, rising for the second year in a row after three years of decline. In general, consumption, however, saw a moderate expansion. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Production of Rusks, Toasted Bread and Similar Toasted Products in Austria

In value terms, rusks and toasted bread production rose markedly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt contraction. Rusks and toasted bread production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Rusks, Toasted Bread and Similar Toasted Products

Exports from Austria

In 2021, the amount of rusks, toasted bread and similar toasted products exported from Austria expanded markedly to X tons, surging by 9.6% against 2020 figures. In general, total exports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +8.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -1.9% against 2019 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 41%. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, rusks and toasted bread exports surged to $X in 2021. Overall, exports enjoyed a resilient increase. The pace of growth was the most pronounced in 2017 with an increase of 46%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

Germany (X tons) was the main destination for rusks and toasted bread exports from Austria, with a 58% share of total exports. Moreover, rusks and toasted bread exports to Germany exceeded the volume sent to the second major destination, Italy (X tons), fourfold. The third position in this ranking was held by Hungary (X tons), with a 4.5% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +14.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+51.6% per year) and Hungary (-11.8% per year).

In value terms, Germany ($X) remains the key foreign market for rusks, toasted bread and similar toasted products exports from Austria, comprising 66% of total exports. The second position in the ranking was taken by Italy ($X), with a 7.5% share of total exports. It was followed by Hungary, with a 4% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled +17.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+38.5% per year) and Hungary (-8.5% per year).

Export Prices by Country

In 2021, the average rusks and toasted bread export price amounted to $X per ton, increasing by 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2017 an increase of 19% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Italy ($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 Hungary (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rusks, Toasted Bread and Similar Toasted Products

Imports into Austria

In 2021, supplies from abroad of rusks, toasted bread and similar toasted products increased by 4.3% to X tons, rising for the third year in a row after two years of decline. Overall, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +7.5% 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 +29.6% against 2018 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 35% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, rusks and toasted bread imports surged to $X in 2021. Over the period under review, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +44.2% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 32% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of rusks and toasted bread to Austria, with a 67% share of total imports. Moreover, rusks and toasted bread imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), ninefold. The third position in this ranking was held by Poland (X tons), with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+10.7% per year) and Poland (+89.3% per year).

In value terms, Germany ($X) constituted the largest supplier of rusks, toasted bread and similar toasted products to Austria, comprising 60% of total imports. The second position in the ranking was taken by Italy ($X), with a 13% share of total imports. It was followed by Poland, with an 8.1% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+7.6% per year) and Poland (+90.4% per year).

Import Prices by Country

In 2021, the average rusks and toasted bread import price amounted to $X per ton, with an increase of 10% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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