Austria's pigmeat slaughterings exhibit a clear trend of gradual decline from 2013 to 2023. The value in 2023 stood at 4.92 million heads, marking a marginal year-on-year increase of 0.4%. However, over the previous two years, the value dropped from 5.12 million heads in 2021 and 4.91 million in 2022, indicating variability in short-term trends. The compound annual growth rate (CAGR) over the last five years was -0.9%, reinforcing the overall downward trajectory.
Looking forward, the forecast projects further reductions in pigmeat slaughterings through 2028, with a continuation of the decreasing trend. The anticipated CAGR for the next five years is -0.57%, translating to an overall decline of approximately 2.8% by 2028.
Future trends to watch for include:
- Impact of changing consumer preferences towards plant-based diets.
- Regulatory factors influencing livestock farming practices.
- Economic pressures on the meat production industry from rising costs and market demand shifts.
