The production value of dairy products in Austria has demonstrated a fluctuating yet generally upward trend from 2013 to 2023. By 2023, production value stood at 2.91 billion euros, marking a nominal year-on-year increase of 1.99% and a compound annual growth rate (CAGR) of 1.72% over the past five years. Over these years, there were notable peaks in 2017 and moderate declines in 2015 and 2021.
Between 2024 and 2028, forecasted values suggest a steady growth, with the value expected to reach 3.19 billion euros in 2028. The forecasted CAGR over this five-year period is 1.43%, indicating a stable growth trajectory, albeit at a slightly slower pace than previous years.
Future trends to watch for:
- Possible impacts of climate change on agricultural productivity.
- Advancements in dairy technology and production efficiency.
- Shifts in consumer preferences towards plant-based alternatives.
- Impact of international trade policies on dairy export and import dynamics.
