The crustaceans market in Austria has shown a general upward trend from 2014 to 2023, registering significant yearly variations. Between 2014 and 2019, the market grew steadily, with a notable dip in 2020 likely due to unforeseen disruptions. However, it quickly rebounded in 2021 with a sharp increase, reflecting market resilience. From 2022, the market continued to grow at a moderate pace, reaching 16.43 thousand metric tons in 2023, with a year-on-year increase of 1.67% and a five-year CAGR of 1.78%.
Moving forward, the forecast suggests a consistent growth trend up to 2028, albeit at a slightly lower five-year CAGR of 1.34%, indicating a stable market environment with an overall five-year growth rate of 6.89%. Key future trends to monitor include potential impacts of sustainable fishing practices, shifting consumer preferences towards eco-friendly products, and potential regulatory changes in the seafood industry.
