The demand for crustaceans in Austria has shown a generally upward trend from 2014 to 2023, rising from 11.45 thousand metric tons to 16.43 thousand metric tons. Significant annual variations were observed, including a notable decline in 2020 followed by a strong recovery. The Compound Annual Growth Rate (CAGR) over the last five years stands at 1.78%. The year-on-year demand from 2022 to 2023 increased by 1.67%.
Future trends to watch for include:
- A forecasted annual growth rate of 1.34% over the next five years, leading to a demand of approximately 17.83 thousand metric tons by 2028.
- The projected overall growth rate of 6.89% from 2024 to 2028.
- Potential market disruptions and opportunities emerging from changes in consumer preferences, climate change, and supply chain dynamics.
