The oilseeds feed market in Austria has seen a downward trend over the past decade. From a high of 104.0 thousand metric tons in 2014, the market has declined to 91.0 thousand metric tons by 2023, reflecting a compound annual growth rate (CAGR) of -0.65%. The year-on-year variation in 2023 was 0%, indicating a stabilization of the market after consistent declines.
Analysing variations over specific years:
- 2015 saw a significant drop of 20.19% compared to 2014.
- The market rebounded in 2016 with an increase of 12.05% over the previous year.
- Small fluctuations in the following years—2017 marked a 2.15% increase; however, slight reductions followed in subsequent years, such as decreases of 1.05% in 2018 and 1.06% in 2019.
- Minimal changes occurred from 2021 to 2023, with slight decreases and a stabilization at 91.0 thousand metric tons in 2023.
Forecasts predict a continued decline to 88.0 thousand metric tons by 2028, with an expected 5-year CAGR of -0.45% from 2024 to 2028. This suggests a moderate but consistent downturn in the oilseeds feed market.
Future trends to watch for include the impact of environmental policies on agricultural practices, technological advancements in feed efficiency, and potential shifts in demand due to changes in dietary preferences and livestock farming practices.
