The demand for cocoa beans in Austria experienced notable fluctuations from 2014 to 2023. In 2023, the demand stood at 29 thousand metric tons. The year-on-year variation was 3.57%, indicating modest growth. Significant volatility was observed in previous years, with a drastic dip in 2017 by 64.29%, followed by a strong rebound of 190% in 2018. Over the last two years, the increase has been consistent but modest, with 3.7% in 2022 and 3.57% in 2023. The 5-year CAGR leading up to 2023 was relatively low at 2.48%.
Future trends to watch for:
- Increasing average consumption with a forecasted 5-year CAGR of 1.92%.
- Expected steady growth in demand, reaching 33 thousand metric tons by 2028.
- Potential market stabilization and modest growth suggesting consumer demand stability in the coming years.
