Austria: Tomato Juice Market 2024

Tomato Juice Market Size in Austria

The Austrian tomato juice market soared to $X in 2022, jumping by 948% against the previous year. Overall, consumption recorded resilient growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Tomato Juice Production in Austria

In value terms, tomato juice production contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 22%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Tomato Juice Exports

Exports from Austria

In 2022, after seven years of growth, there was significant decline in overseas shipments of tomato juice, when their volume decreased by -46.1% to X tons. In general, exports saw a slight setback. The pace of growth appeared the most rapid in 2020 when exports increased by 36% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021, and then fell dramatically in the following year.

In value terms, tomato juice exports dropped sharply to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 29% against the previous year. The exports peaked at $X in 2021, and then reduced rapidly in the following year.

Exports by Country

Germany (X tons) was the main destination for tomato juice exports from Austria, accounting for a 43% share of total exports. Moreover, tomato juice exports to Germany exceeded the volume sent to the second major destination, Belgium (X tons), sevenfold. The third position in this ranking was taken by the Czech Republic (X tons), with a 5.5% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to +19.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+36.4% per year) and the Czech Republic (-6.6% per year).

In value terms, Germany ($X) remains the key foreign market for tomato juice exports from Austria, comprising 44% of total exports. The second position in the ranking was held by the UK ($X), with a 7.7% share of total exports. It was followed by France, with a 7.2% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at +14.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+4.3% per year) and France (-11.9% per year).

Export Prices by Country

The average tomato juice export price stood at $X per ton in 2022, jumping by 37% against the previous year. In general, the export price saw a relatively flat trend pattern. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Tomato Juice Imports

Imports into Austria

After three years of decline, supplies from abroad of tomato juice increased by 30% to X tons in 2022. Over the period under review, imports, however, faced a deep slump. The growth pace was the most rapid in 2013 when imports increased by 44%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, tomato juice imports soared to $X in 2022. Overall, imports, however, recorded a drastic downturn. The pace of growth appeared the most rapid in 2013 with an increase of 36% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Germany (X tons), Italy (X tons) and Spain (X kg) were the main suppliers of tomato juice imports to Austria, with a combined 98% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of -1.6%), while imports for the other leaders experienced a decline.

In value terms, Germany ($X) constituted the largest supplier of tomato juice to Austria, comprising 67% of total imports. The second position in the ranking was taken by Italy ($X), with a 29% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-16.6% per year) and Spain (-26.0% per year).

Import Prices by Country

The average tomato juice import price stood at $X per ton in 2022, which is down by -5.6% against the previous year. Over the period under review, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tomato juice import price increased by +23.8% against 2016 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 67%. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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