Austria: Preserved Sweet Corn Market 2024

Preserved Sweet Corn Market Size in Austria

In 2022, the Austrian preserved sweet corn market increased by 0.2% to $X, rising for the fifth year in a row after three years of decline. Over the period under review, the total consumption indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +66.5% against 2017 indices. Preserved sweet corn consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Preserved Sweet Corn Exports

Exports from Austria

Preserved sweet corn exports from Austria soared to X tons in 2022, picking up by 83% against 2021 figures. Over the period under review, exports saw perceptible growth. The most prominent rate of growth was recorded in 2020 with an increase of 105% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, preserved sweet corn exports soared to $X in 2022. In general, exports enjoyed a strong increase. The pace of growth was the most pronounced in 2020 when exports increased by 91% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Switzerland (X tons), Italy (X tons) and Slovenia (X tons) were the main destinations of preserved sweet corn exports from Austria, together accounting for 85% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland (with a CAGR of +34.3%), while the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), Italy ($X) and Slovenia ($X) were the largest markets for preserved sweet corn exported from Austria worldwide, together accounting for 87% of total exports.

Among the main countries of destination, Switzerland, with a CAGR of +34.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average preserved sweet corn export price amounted to $X per ton, reducing by -2.6% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The pace of growth was the most pronounced in 2013 when the average export price increased by 43% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Switzerland ($X per ton) and Slovenia ($X per ton), while the average price for exports to Slovakia ($X per ton) and Croatia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Sweet Corn Imports

Imports into Austria

In 2022, after four years of growth, there was decline in purchases abroad of sweet corn prepared or preserved, when their volume decreased by -2.2% to X tons. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 18% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, preserved sweet corn imports reached $X in 2022. Over the period under review, total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +81.7% against 2017 indices. The pace of growth was the most pronounced in 2020 with an increase of 19% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Hungary (X tons) constituted the largest supplier of preserved sweet corn to Austria, accounting for a 64% share of total imports. Moreover, preserved sweet corn imports from Hungary exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. France (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Hungary totaled +1.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.9% per year) and France (+1.1% per year).

In value terms, Hungary ($X) constituted the largest supplier of sweet corn prepared or preserved to Austria, comprising 63% of total imports. The second position in the ranking was held by Germany ($X), with a 19% share of total imports. It was followed by France, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Hungary totaled +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.1% per year) and France (+0.7% per year).

Import Prices by Country

In 2022, the average preserved sweet corn import price amounted to $X per ton, with an increase of 7.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The pace of growth was the most pronounced in 2021 when the average import price increased by 11%. The import price peaked in 2022 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 highest price was recorded for prices from Germany ($X per ton) and Hungary ($X per ton), while the price for Italy ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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