Austria: Soups Market 2024

Soups Market Size in Austria

The Austrian soups market stood at $X in 2021, growing by 13% against the previous year. Over the period under review, consumption, however, saw a abrupt curtailment. Soups consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Soups Production in Austria

In value terms, soups production surged to $X in 2021 estimated in export price. Overall, production, however, recorded a noticeable slump. The growth pace was the most rapid in 2020 when the production volume increased by 25%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Soups Exports

Exports from Austria

After two years of growth, overseas shipments of soups and broths decreased by -5.5% to X tons in 2021. In general, total exports indicated perceptible growth from 2012 to 2021: its volume increased at an average annual rate of +3.8% 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 increased by +9.6% against 2017 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 36%. As a result, the exports reached the peak of X tons, and then contracted in the following year.

In value terms, soups exports rose to $X in 2021. The total export value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 34% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for soups exports from Austria, accounting for a 66% share of total exports. Moreover, soups exports to Germany exceeded the volume sent to the second major destination, Sweden (X tons), eightfold. Hungary (X tons) ranked third in terms of total exports with a 3.7% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +11.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-10.0% per year) and Hungary (+10.1% per year).

In value terms, Germany ($X) remains the key foreign market for soups and broths exports from Austria, comprising 65% of total exports. The second position in the ranking was held by Sweden ($X), with a 5.9% share of total exports. It was followed by France, with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at +11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-9.8% per year) and France (+2.1% per year).

Export Prices by Country

The average soups export price stood at $X per ton in 2021, growing by 8.9% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by 15%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Belgium ($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 (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.

Soups Imports

Imports into Austria

Soups imports into Austria fell to X tons in 2021, waning by -8.9% on 2020 figures. Overall, imports showed a perceptible downturn. The pace of growth was the most pronounced in 2017 with an increase of 6.7%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, soups imports declined to $X in 2021. In general, imports showed a pronounced decrease. The most prominent rate of growth was recorded in 2018 when imports increased by 7.3%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), Hungary (X tons) and the Czech Republic (X tons) were the main suppliers of soups imports to Austria, together accounting for 78% of total imports. These countries were followed by Slovakia, Switzerland, Croatia, Italy and France, which together accounted for a further 17%.

From 2012 to 2021, the biggest increases were recorded for Croatia (with a CAGR of +32.5%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest soups suppliers to Austria were Germany ($X), Hungary ($X) and Slovakia ($X), with a combined 79% share of total imports. Switzerland, the Czech Republic, Croatia, Italy and France lagged somewhat behind, together accounting for a further 14%.

Croatia, with a CAGR of +23.4%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average soups import price stood at $X per ton in 2021, surging by 1.5% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 7.5% against the previous year. 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 France ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :