Austria: Sugars Market 2024

Sugars Market Size in Austria

The Austrian sugars market surged to $X in 2021, increasing by 89% against the previous year. Overall, the total consumption indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Sugars Production in Austria

In value terms, sugars production fell slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 with an increase of 16%. Over the period under review, production reached the maximum level at $X in 2020, and then declined slightly in the following year.

Sugars Exports

Exports from Austria

In 2021, after three years of decline, there was significant growth in shipments abroad of sugars, sugar ethers and salts, when their volume increased by 5.2% to X tons. Overall, exports, however, showed a slight contraction. The most prominent rate of growth was recorded in 2016 with an increase of 15%. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, sugars exports soared to $X in 2021. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by 60% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Finland (X tons) was the main destination for sugars exports from Austria, with a 73% share of total exports. Moreover, sugars exports to Finland exceeded the volume sent to the second major destination, the United States (X tons), fourfold. The Netherlands (X tons) ranked third in terms of total exports with a 2.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Finland stood at +2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+43.0% per year) and the Netherlands (+21.9% per year).

In value terms, Finland ($X) remains the key foreign market for sugars, sugar ethers and salts exports from Austria, comprising 57% of total exports. The second position in the ranking was held by the United States ($X), with a 20% share of total exports. It was followed by France, with a 3.2% share.

From 2012 to 2021, the average annual growth rate of value to Finland totaled +2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+43.2% per year) and France (-6.3% per year).

Export Prices by Country

In 2021, the average sugars export price amounted to $X per ton, jumping by 49% against the previous year. Overall, the export price recorded a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: 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 China (+39.7%), while the prices for the other major destinations experienced more modest paces of growth.

Sugars Imports

Imports into Austria

In 2021, the amount of sugars, sugar ethers and salts imported into Austria soared to X tons, with an increase of 29% compared with the previous year. In general, imports saw buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of 192% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, sugars imports skyrocketed to $X in 2021. Over the period under review, imports saw a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of sugars to Austria, with a 66% share of total imports. Moreover, sugars imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. Italy (X tons) ranked third in terms of total imports with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +26.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+22.8% per year) and Italy (+13.5% per year).

In value terms, China ($X) constituted the largest supplier of sugars, sugar ethers and salts to Austria, comprising 47% of total imports. The second position in the ranking was held by Germany ($X), with a 17% share of total imports. It was followed by Denmark, with a 3.8% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +23.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+13.5% per year) and Denmark (+66.8% per year).

Import Prices by Country

In 2021, the average sugars import price amounted to $X per ton, picking up by 129% against the previous year. In general, the import price continues to indicate a prominent increase. The growth pace was the most rapid in 2017 an increase of 130% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in the immediate term.

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 China ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+27.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :