Austria: Whey Market 2024

Whey Market Size in Austria

In 2022, the Austrian whey market decreased by -2.8% to $X, falling for the second consecutive year after five years of growth. In general, consumption, however, continues to indicate a prominent increase. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Whey Production in Austria

In value terms, whey production skyrocketed to $X in 2022 estimated in export price. In general, the total production indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +22.2% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 39% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Whey Exports

Exports from Austria

In 2022, overseas shipments of whey increased by 4.7% to X tons, rising for the second year in a row after five years of decline. Overall, exports, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 17%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, whey exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of +4.1% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for whey exports from Austria, accounting for a 77% share of total exports. Moreover, whey exports to Germany exceeded the volume sent to the second major destination, the Netherlands (X tons), more than tenfold. The Czech Republic (X tons) ranked third in terms of total exports with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at -6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+4.6% per year) and the Czech Republic (+2.3% per year).

In value terms, Germany ($X) remains the key foreign market for whey exports from Austria, comprising 55% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 14% share of total exports. It was followed by China, with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to +4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+10.9% per year) and China (+2.7% per year).

Export Prices by Country

In 2022, the average whey export price amounted to $X per ton, with an increase of 18% against the previous year. Overall, the export price enjoyed a prominent expansion. The pace of growth was the most pronounced in 2014 when the average export price increased by 40%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the Czech Republic ($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 Germany (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.

Whey Imports

Imports into Austria

In 2022, purchases abroad of whey decreased by -32.6% to X tons, falling for the seventh consecutive year after four years of growth. Overall, imports, however, showed a perceptible expansion. The pace of growth appeared the most rapid in 2015 when imports increased by 108%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, whey imports reduced markedly to $X in 2022. In general, total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.7% 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 -32.0% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 27% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Italy (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of whey imports to Austria, together comprising 81% of total imports. Spain and Switzerland lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +107.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest whey suppliers to Austria were Germany ($X), Italy ($X) and the Netherlands ($X), with a combined 85% share of total imports. Spain and Switzerland lagged somewhat behind, together accounting for a further 11%.

Among the main suppliers, Spain, with a CAGR of +74.1%, saw the highest growth rate of 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

In 2022, the average whey import price amounted to $X per ton, waning by -5.7% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 33% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 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 Germany ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+5.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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