Austria: Triticale Market 2024

Triticale Market Size in Austria

In 2022, the Austrian triticale market was finally on the rise to reach $X after three years of decline. The market value increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Triticale Production in Austria

In value terms, triticale production declined slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% 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 29% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

In 2022, the average triticale yield in Austria was estimated at X tons per ha, with an increase of 5.2% on the year before. The yield figure increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when the yield increased by 18%. As a result, the yield attained the peak level of X tons per ha. From 2015 to 2022, the growth of the average triticale yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of triticale were harvested in Austria; with an increase of 6.3% compared with the previous year. The harvested area increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2014 when the harvested area increased by 14%. The triticale harvested area peaked at X ha in 2019; however, from 2020 to 2022, the harvested area failed to regain momentum.

Triticale Exports

Exports from Austria

In 2022, exports of triticale from Austria declined significantly to X tons, shrinking by -23.5% against the previous year's figure. Over the period under review, exports saw a mild decline. The most prominent rate of growth was recorded in 2015 with an increase of 59%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then dropped markedly in the following year.

In value terms, triticale exports stood at $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 69%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Italy (X tons), Germany (X tons) and France (X tons) were the main destinations of triticale exports from Austria, with a combined 85% share of total exports. Slovenia, Romania and North Macedonia lagged somewhat behind, together comprising a further 12%.

From 2012 to 2022, the biggest increases were recorded for North Macedonia (with a CAGR of +36.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and France ($X) appeared to be the largest markets for triticale exported from Austria worldwide, together comprising 83% of total exports. Slovenia, Romania and North Macedonia lagged somewhat behind, together comprising a further 13%.

Among the main countries of destination, North Macedonia, with a CAGR of +97.6%, recorded the highest growth rate of 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 triticale export price amounted to $X per ton, with an increase of 31% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Italy ($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 North Macedonia (+45.2%), while the prices for the other major destinations experienced more modest paces of growth.

Triticale Imports

Imports into Austria

In 2022, approx. X tons of triticale were imported into Austria; surging by 115% against 2021. In general, imports saw a notable expansion. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, triticale imports soared to $X in 2022. Overall, imports posted a tangible increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Hungary (X tons), Germany (X tons) and the Czech Republic (X tons) were the main suppliers of triticale imports to Austria, with a combined 83% share of total imports. Slovenia, Romania, Lithuania and Slovakia lagged somewhat behind, together comprising a further 14%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovenia (with a CAGR of +12.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Hungary ($X) and the Czech Republic ($X) constituted the largest triticale suppliers to Austria, together accounting for 81% of total imports. Romania, Slovenia, Lithuania and Slovakia lagged somewhat behind, together comprising a further 15%.

Slovenia, with a CAGR of +16.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average triticale import price stood at $X per ton in 2022, growing by 31% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 33% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Lithuania ($X per ton) and Romania ($X per ton), while the price for Hungary ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :