The Durum Wheat Groats and Meal Market in Austria reached a value of 23.17 million Euros in 2023. Over the previous decade, the market has shown fluctuations but an overall upward trend. After a slight decline in 2014, the market value generally increased, apart from minor dips in 2020. Notably, between 2018 and 2023, the average compound annual growth rate (CAGR) was 2.38%, signaling steady growth. Year-on-year growth for the last two years averaged around 1.34%, indicating a stable but gradual increase in market size.
Future trends to watch for include:
- Potential impacts of climatic changes on durum wheat production.
- Increased consumer preference for healthier and high-protein foods.
- Expansion in export opportunities, given the global demand for durum wheat products.
- Technological advancements in agricultural practices and grain processing.
How does Austria rank in Durum Wheat Groats and Meal Market Size Value?
| # | 7 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 174,270,000 | 2023 | +8.48% | +9.88% | View data |
| 2 | 2 Germany | 166,090,000 | 2023 | -1.08% | +3.25% | View data |
| 3 | 3 Spain | 126,710,000 | 2023 | +0.22% | +1.08% | View data |
| 4 | 4 Poland | 24,862,000 | 2023 | +4.57% | +8.24% | View data |
| 5 | 5 Austria | 23,170,000 | 2023 | +1.31% | +2.38% | |
| 6 | 6 Greece | 12,187,000 | 2023 | -1.43% | -1.68% | View data |
| 7 | 7 Lithuania | 1,018,800 | 2023 | +1.29% | +3.62% | View data |
