Austria's rice imports have shown moderate fluctuation over the years, ranging from 48.527 million USD in 2016 to 56.81 million USD in 2023. The year-on-year variations indicated periods of decline and growth - notably a 12.56% increase in 2014 followed by a 12.76% decrease in 2015. More recently, imports increased by 1.27% in 2023. The last five years witnessed an average annual growth rate (CAGR) of 0.95%, demonstrating a relatively modest upward trend.
Looking forward, the forecasted data suggests a continuation of this gradual increase, with expected imports reaching 60.175 million USD by 2028, reflecting an average annual growth rate (CAGR) of 0.91%. This indicates sustained, though modest, growth in Austria’s rice import volumes.
Future trends to watch for:
- Potential market factors influencing demand, such as dietary shifts or population growth.
- External economic conditions, including international trade policies and currency fluctuations.
- Technological advancements in agriculture impacting global rice production and pricing.