Based on the data provided, the dairy and cheese processing production value in Austria has shown a notable upward trend. From 2013 to 2023, the value has increased from 2.37 billion euros to 2.89 billion euros. The production value saw dips in 2015 and 2016 but has since recovered and grown steadily. By 2023, the production value stood at 2.89 billion euros. Over the last two years, the value increased by 1.94% in 2023 and 2% in 2022. The average yearly variation over the last five years (2018-2023) is 1.69%.
Forecasted data from 2024 to 2028 suggests continuous growth with an average annual increase (CAGR) of 1.4%, leading to a projected value of 3.16 billion euros in 2028. This reflects a cumulative growth rate of 7.2% over the five-year forecast period.
Future trends to watch for include potential impacts of sustainability and technological advancements in dairy processing, evolving consumer preferences towards plant-based dairy alternatives, and possible regulatory changes affecting production and market dynamics.
