Austria: Skim Milk Market 2024

Skim Milk Market Size in Austria

In 2021, the Austrian skim milk market decreased by -5.6% to $X for the first time since 2018, thus ending a two-year rising trend. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Skim Milk Production in Austria

In value terms, skim milk production shrank to $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 33% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Skim Milk Exports

Exports from Austria

In 2021, overseas shipments of skim milk decreased by -12.8% to X tons, falling for the third consecutive year after two years of growth. Overall, exports recorded a abrupt setback. The pace of growth was the most pronounced in 2017 when exports increased by 14%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, skim milk exports dropped slightly to $X in 2021. In general, exports showed a abrupt descent. The pace of growth appeared the most rapid in 2013 with an increase of 32%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Italy (X tons), Germany (X tons) and China (X tons) were the main destinations of skim milk exports from Austria, with a combined 96% share of total exports. These countries were followed by Spain, which accounted for a further 1.8%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +143.0%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for skim milk exported from Austria were Germany ($X), Italy ($X) and China ($X), with a combined 95% share of total exports.

China, with a CAGR of +118.9%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average skim milk export price stood at $X per ton in 2021, increasing by 12% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by 31%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Italy ($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 Germany (-0.1%), while the prices for the other major destinations experienced a decline.

Skim Milk Imports

Imports into Austria

In 2021, the amount of skim milk imported into Austria shrank dramatically to X tons, which is down by -74.6% on the year before. Overall, imports faced a deep reduction. The growth pace was the most rapid in 2014 with an increase of 255%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, skim milk imports contracted notably to $X in 2021. In general, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2014 with an increase of 170%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) was the main skim milk supplier to Austria, accounting for a 90% share of total imports. It was followed by Italy (X tons), with a 3% share of total imports. The third position in this ranking was taken by France (X tons), with a 2% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to -9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-26.8% per year) and France (+6.6% per year).

In value terms, Germany ($X) constituted the largest supplier of skim milk to Austria, comprising 73% of total imports. The second position in the ranking was taken by Italy ($X), with an 8.1% share of total imports. It was followed by France, with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at -11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-13.5% per year) and France (+1.0% per year).

Import Prices by Country

The average skim milk import price stood at $X per ton in 2021, which is down by -14.3% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 37%. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a 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 Netherlands ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+18.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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