From 2015 to 2023, Austria's sold production of vinegar and substitutes for vinegar rose significantly from 16.174 million liters to 30.357 million liters, reflecting a strong upward trend. Key year-on-year increases include 8.28% in 2016, 11.93% in 2018, 10.99% in 2019, and a notable 17.71% in 2020. Noteworthy volatility was observed with a -5.22% decrease in 2021. The most recent data for 2023 indicates a moderate yet consistent growth of 4.2% year-on-year. Over the last five years, the average CAGR was 5.28%.
Future trends to watch for include:
- Continued growth at a slower rate with an expected CAGR of 2.83% from 2024 to 2028. - A projected 14.98% total growth over the next five years. - Potential volatility in year-on-year variations as market dynamics evolve.
