Austria: Rye Market 2024

Rye Market Size in Austria

The Austrian rye market soared to $X in 2022, increasing by 19% against the previous year. Over the period under review, consumption, however, recorded a slight reduction. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Rye Production in Austria

In value terms, rye production expanded modestly to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 57% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

The average yield of rye in Austria stood at X tons per ha in 2022, growing by 5.6% on 2021 figures. The yield figure increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when the yield increased by 17%. Over the period under review, the average rye yield attained the maximum level at X tons per ha in 2020; however, from 2021 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the rye harvested area in Austria soared to X ha, jumping by 15% on 2021. Over the period under review, the harvested area, however, saw a noticeable slump. The growth pace was the most rapid in 2018 when the harvested area increased by 18% against the previous year. Over the period under review, the harvested area dedicated to rye production attained the peak figure at X ha in 2013; however, from 2014 to 2022, the harvested area failed to regain momentum.

Rye Exports

Exports from Austria

Rye exports from Austria declined sharply to X tons in 2022, reducing by -60.1% on the previous year's figure. Over the period under review, exports showed a perceptible contraction. The most prominent rate of growth was recorded in 2021 with an increase of 103% against the previous year. As a result, the exports attained the peak of X tons, and then dropped significantly in the following year.

In value terms, rye exports contracted sharply to $X in 2022. Overall, exports showed a perceptible decline. The most prominent rate of growth was recorded in 2021 with an increase of 54%. As a result, the exports reached the peak of $X, and then shrank significantly in the following year.

Exports by Country

Germany (X tons), Italy (X tons) and Hungary (X tons) were the main destinations of rye exports from Austria, together accounting for 69% of total exports. Switzerland, Slovenia, the UK, the Czech Republic, Belgium, France, Romania and the Netherlands lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +36.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for rye exports from Austria, comprising 40% of total exports. The second position in the ranking was held by Italy ($X), with a 14% share of total exports. It was followed by Hungary, with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to -8.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+9.3% per year) and Hungary (+9.5% per year).

Export Prices by Country

The average rye export price stood at $X per ton in 2022, growing by 78% against the previous year. Overall, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.

Rye Imports

Imports into Austria

In 2022, purchases abroad of rye increased by 2.1% to X tons, rising for the second consecutive year after three years of decline. Overall, imports, however, continue to indicate a abrupt setback. The growth pace was the most rapid in 2017 when imports increased by 116% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, rye imports skyrocketed to $X in 2022. In general, imports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2017 when imports increased by 112%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Slovakia (X tons), Hungary (X tons) and Germany (X tons) were the main suppliers of rye imports to Austria, together accounting for 75% of total imports.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +3.0%), while purchases for the other leaders experienced a decline.

In value terms, Slovakia ($X), Hungary ($X) and Germany ($X) were the largest rye suppliers to Austria, together comprising 77% of total imports.

Among the main suppliers, Slovakia, with a CAGR of +5.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average rye import price amounted to $X per ton, growing by 49% against the previous year. Overall, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Poland ($X per ton) and Germany ($X per ton), while the price for the Czech Republic ($X per ton) and Slovakia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :