The output of seafood in Austria has shown a generally positive trend from 2013 to 2023, marked by varying year-on-year growth rates. Starting at 68.93 million euros in 2013, the value dipped slightly in 2014 before rising steadily. Significant growth periods occurred between 2015 and 2016 (18.4%) and 2018 to 2020, with an 11.52% increase from 2018 to 2019, followed by a 10.65% rise in 2020. By 2023, the value stood at 123.42 million euros, marking a 4.99% increase from 2022. The average annual growth rate (CAGR) over the last five years up to 2023 was 6.6%.
Future trends point to a more moderated growth rate, with the forecasted 5-year CAGR standing at 3.34% and an overall growth rate of 17.84% by 2028. Special attention should be paid to market dynamics such as environmental policies, consumer preferences for sustainable seafood, and technological advancements in aquaculture and fishery practices as pivotal factors influencing future output trends.
