The maize processing industry in Austria has shown a slow yet steady growth over the past decade. In 2023, the volume stood at 697 thousand metric tons. The year-on-year variation for 2023 was 0.58%, indicating a stable growth pattern seen over the last few years. The compound annual growth rate (CAGR) for the last five years is 0.35%, revealing a consistent growth trajectory.
Key trends observed between 2014 and 2023 include:
• A significant increase in 2015, with a 2.97% year-on-year growth.
• A negative dip in 2017, with a slight contraction of -0.6%.
• A rebound in 2018, with the highest annual growth of 3.01%.
• Consistent but modest growth from 2020 onwards.
Looking ahead, the forecast suggests a continued, stable growth pattern with a forecasted volume of 712 thousand metric tons by 2028. The anticipated CAGR over the next five years remains modest at 0.34%, with an overall growth rate of 1.71% for this period.
Future trends to watch for include the impact of technological advancements in processing efficiency, potential regulatory changes, and the influence of environmental factors on maize yields. Additionally, market demand and international trade policies could play pivotal roles in shaping the industry's trajectory.
