The sweeteners production in Austria in 2023 stood at 789.0 thousand metric tons. Over the past decade, the production has shown fluctuations with some significant year-on-year changes. For instance, there was a sharp drop of 8.49% in 2015, followed by a notable increase of 13.32% in 2016. Subsequent years displayed moderate variations, including a significant decline of 16.67% in 2018. From 2019 to 2023, there was a general downward trend with minor fluctuations, culminating in a 1% decrease from 2022 to 2023. Over the last five years leading up to 2023, the compound annual growth rate (CAGR) was -3.29%.
Looking ahead, production is forecasted to continue its slight decline, reaching 746.4 thousand metric tons by 2028. The projected 5-year CAGR is -0.88%, indicating a gradual decrease in production. This trend is expected to yield an overall reduction of approximately 4.31% over the forecast period.
Future trends to watch for include potential impacts of regulatory changes on sugar production, shifts in consumer preferences towards natural or alternative sweeteners, and advancements in production technologies that could influence output volumes.
