In 2023, Austria’s wheat feed consumption stood at 528.0 Thousand Metric Tons. Over the last decade, the trend in wheat feed volumes has been quite variable, showcasing several periods of significant year-on-year changes.
From a notable peak in 2016 with a 14.92% increase, the market hit a substantial dip in 2017 with a 26.12% decrease. Thereafter, fluctuations continued but steadied somewhat post-2018, with more modest year-on-year changes observed. The year-on-year variation in 2023 was -0.56%, indicating a gradual decline.
Evaluating the Compound Annual Growth Rate (CAGR) over the last five years up to 2023, the average annual decline was -1.28%. Additionally, forecasting up to 2028, the wheat feed market is expected to continue its slight decline, with a forecast 5-year CAGR of -0.46% and an overall reduction of -2.29%.
Future trends to watch for include potential changes in agricultural practices, climate change impacts on production levels, and shifts in alternative feedstocks which could influence wheat feed demand in Austria.
