Austria: Vegetable Puree Market 2024

Vegetable Puree Market Size in Austria

For the third consecutive year, the Austrian vegetable puree market recorded decline in sales value, which decreased by -3.5% to $X in 2022. Overall, consumption showed a remarkable increase. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Vegetable Puree Production in Austria

In value terms, vegetable puree production stood at $X in 2022 estimated in export price. Over the period under review, production showed a abrupt curtailment. The growth pace was the most rapid in 2013 with an increase of 6.9%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Vegetable Puree Exports

Exports from Austria

In 2022, exports of vegetable puree from Austria dropped markedly to X tons, which is down by -17.3% against the previous year's figure. In general, exports recorded a noticeable setback. The pace of growth was the most pronounced in 2014 when exports increased by 15%. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, vegetable puree exports contracted significantly to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 18% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Bulgaria (X tons), Switzerland (X tons) and Serbia (X tons) were the main destinations of vegetable puree exports from Austria, together comprising 68% of total exports. Romania, North Macedonia, Croatia, Georgia, Lithuania, Bosnia and Herzegovina, Taiwan (Chinese), Germany, Estonia and Ukraine lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +45.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X), Switzerland ($X) and Serbia ($X) appeared to be the largest markets for vegetable puree exported from Austria worldwide, together accounting for 71% of total exports.

Switzerland, with a CAGR of +35.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 vegetable puree export price amounted to $X per ton, which is down by -6% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2020 when the average export price increased by 14%. The export price peaked at $X per ton in 2021, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while the average price for exports to Croatia ($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 Bulgaria (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Vegetable Puree Imports

Imports into Austria

In 2022, after two years of decline, there was growth in purchases abroad of vegetable puree, when their volume increased by 2.3% to X tons. Over the period under review, imports saw prominent growth. The most prominent rate of growth was recorded in 2017 when imports increased by 82%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, vegetable puree imports shrank to $X in 2022. Overall, total imports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -13.4% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 68%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Hungary (X tons) constituted the largest vegetable puree supplier to Austria, accounting for a 68% share of total imports. Moreover, vegetable puree imports from Hungary exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. China (X tons) ranked third in terms of total imports with a 1.5% share.

From 2012 to 2022, the average annual growth rate of volume from Hungary amounted to +13.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.4% per year) and China (+31.9% per year).

In value terms, Hungary ($X) constituted the largest supplier of vegetable puree to Austria, comprising 64% of total imports. The second position in the ranking was held by Germany ($X), with a 28% share of total imports. It was followed by Italy, with a 4.6% share.

From 2012 to 2022, the average annual growth rate of value from Hungary amounted to +12.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+0.4% per year) and Italy (-14.9% per year).

Import Prices by Country

The average vegetable puree import price stood at $X per ton in 2022, which is down by -12.6% against the previous year. Overall, the import price saw a noticeable downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by 12%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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