The production of rapeseed in Austria displayed significant fluctuations over the past decade, with a notable decline in recent years. The highest production recorded was in 2014, with 198.29 Thousand Metric Tons, followed by a steep drop in 2015 (-43.64%), indicating volatility in the sector. From 2016 onwards, a downward trend persisted, with minor recoveries in 2016 and 2018, but overall production continued to decrease. As of 2023, rapeseed production stood at 96.23 Thousand Metric Tons, showing a consistent decline with a year-on-year decrease of -3.43% and a CAGR of -4.43% over the last five years.
Future forecasts suggest a continuing decrease in production, with an annual average decline of -3.26%. By 2028, the production is projected to fall to 78.37 Thousand Metric Tons, reflecting an overall decline of -15.25% over the forecasted period.
Future trends to watch for include:
- Impact of climate change on crop yields and agricultural practices.
- Shifts in demand for rapeseed oil and related products.
- Technological advancements in agricultural techniques and their adoption rate.
- Policies and subsidies affecting rapeseed cultivation and alternative crops.