Austria: Waffle And Wafer Market 2024

Waffle And Wafer Market Size in Austria

In 2021, the Austrian waffle and wafer market decreased by -4.4% to $X for the first time since 2015, thus ending a five-year rising trend. In general, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +59.1% against 2015 indices. Waffle and wafer consumption peaked at $X in 2020, and then shrank slightly in the following year.

Waffle And Wafer Production in Austria

In value terms, waffle and wafer production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 16%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Waffle And Wafer Exports

Exports from Austria

Waffle and wafer exports from Austria expanded rapidly to X tons in 2021, with an increase of 7.2% on the previous year's figure. The total export volume increased at an average annual rate of +2.7% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2015 when exports increased by 11% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, waffle and wafer exports rose notably to $X in 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 18% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X tons), Italy (X tons) and France (X tons) were the main destinations of waffle and wafer exports from Austria, together comprising 71% of total exports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +16.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for waffles and wafers exports from Austria, comprising 40% of total exports. The second position in the ranking was taken by Italy ($X), with an 18% share of total exports. It was followed by France, with a 5.3% share.

From 2012 to 2021, the average annual growth rate of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+10.0% per year) and France (+4.3% per year).

Export Prices by Country

The average waffle and wafer export price stood at $X per ton in 2021, rising by 4.1% against the previous year. Overall, the export price, however, continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2013 when the average export price increased by 7.3% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Italy ($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 France (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.

Waffle And Wafer Imports

Imports into Austria

In 2021, the amount of waffles and wafers imported into Austria soared to X tons, picking up by 24% against 2020. The total import volume increased at an average annual rate of +4.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, waffle and wafer imports soared to $X in 2021. The total import value increased at an average annual rate of +5.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of waffle and wafer to Austria, accounting for a 58% share of total imports. Moreover, waffle and wafer imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), threefold. Belgium (X tons) ranked third in terms of total imports with a 6.9% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+7.3% per year) and Belgium (+3.1% per year).

In value terms, Germany ($X) constituted the largest supplier of waffles and wafers to Austria, comprising 56% of total imports. The second position in the ranking was held by Poland ($X), with a 21% share of total imports. It was followed by Belgium, with a 9.1% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+12.4% per year) and Belgium (+5.9% per year).

Import Prices by Country

The average waffle and wafer import price stood at $X per ton in 2021, approximately reflecting the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 8.9%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Belgium ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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