Austria: Tall Oil Market 2024

Tall Oil Market Size in Austria

The Austrian tall oil market rose notably to $X in 2021, increasing by 8.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +3.9% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. Tall oil consumption peaked in 2021 and is expected to retain growth in years to come.

Tall Oil Exports

Exports from Austria

In 2021, approx. X tons of tall oil were exported from Austria; growing by 111% against 2020. Overall, exports, however, continue to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 151% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, tall oil exports surged to $X in 2021. Over the period under review, exports, however, faced a dramatic shrinkage. The pace of growth was the most pronounced in 2016 when exports increased by 83%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The UK (X tons) was the main destination for tall oil exports from Austria, with a 98% share of total exports. It was followed by Serbia (X tons), with a 1.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK totaled +28.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (0.0% per year) and Germany (-9.7% per year).

In value terms, the UK ($X) emerged as the key foreign market for tall oil exports from Austria, comprising 92% of total exports. The second position in the ranking was taken by Serbia ($X), with a 7.8% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the UK amounted to +35.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (0.0% per year) and Germany (-11.1% per year).

Export Prices by Country

The average tall oil export price stood at $X per ton in 2021, declining by -15.3% against the previous year. Over the period under review, the export price recorded a slight setback. The most prominent rate of growth was recorded in 2013 an increase of 47% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Serbia ($X per ton), while the average price for exports to the UK ($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 the UK (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Tall Oil Imports

Imports into Austria

In 2021, overseas purchases of tall oil increased by 5.1% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 11% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, tall oil imports rose markedly to $X in 2021. The total import value increased at an average annual rate of +3.3% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 15% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

Poland (X tons), Belarus (X tons) and Finland (X tons) were the main suppliers of tall oil imports to Austria, together accounting for 81% of total imports.

From 2012 to 2021, the biggest increases were recorded for Belarus (with a CAGR of +308.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Belarus ($X) and Finland ($X) constituted the largest tall oil suppliers to Austria, together comprising 79% of total imports.

Among the main suppliers, Belarus, with a CAGR of +277.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average tall oil import price stood at $X per ton in 2021, rising by 5.4% against the previous year. Over the last nine years, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 12%. The import price peaked in 2021 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Turkey ($X per ton) and Finland ($X per ton), while the price for Poland ($X per ton) and Belarus ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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