Over the past decade, beef meat demand in Austria has shown a generally upward trend, increasing from 120.0 thousand metric tons in 2014 to 155.0 thousand metric tons in 2023. The year-on-year variations reveal some volatility, such as significant growth in 2016 and slight decreases in 2017 and 2019. Nevertheless, the overall trend points upwards with a five-year CAGR of 0.93% as of 2023.
In the short term, with the 2024 projections, the demand is expected to continue growing, reaching approximately 164.0 thousand metric tons by 2028. The anticipated five-year CAGR from 2024 to 2028 is slightly lower at 0.88%, suggesting a steady but moderate growth rate.
Key future trends to watch for:
- Potential market disruptions due to global economic shifts or local policy changes on meat consumption.
- Growing consumer awareness and potential shift towards plant-based diets could impact future beef demand.
- Technological advancements in meat production and supply chain efficiency might influence market dynamics.
