Austria's wine production has experienced fluctuations over the last decade, with significant peaks in 2013 and 2015. In 2023, wine production stood at 1.87 million hectoliters, marking a year-on-year decline of 1.37%. Comparing the five-year period from 2019 to 2023, the CAGR stood at -1.38%, indicating a gradual decrease in production. The long-term trend shows a consistent decline since 2013, despite occasional year-over-year increases.
Looking ahead, the forecasted data suggests a continuous decline in wine production through to 2028, with the production volume expected to reach 1.73 million hectoliters. The forecasted five-year CAGR is -1.18%, reflecting this downward trend. Key trends to watch for include advancements in viticulture technology, climate change impacts, and potential shifts in market demand which could influence production volumes.
