The production of sunflowerseed oil in Austria has shown a general upward trend since 2014. In 2023, the production stood at 71 thousand metric tons, with a year-on-year increase of 2.9%. The period from 2019 to 2023 saw varying year-on-year changes, with the most notable being a decrease of 3.54% in 2020 and an increase of 8.45% in 2021. The CAGR over the last five years (2019-2023) was relatively modest at 0.87%. Projections indicate a continued increase in production, with a forecasted CAGR of 1.56% from 2024 to 2028, reaching 78.25 thousand metric tons in 2028.
Future trends to watch for include:
- Potential impacts of climate change on crop yields.
- Technological advancements in agricultural practices.
- Shifts in domestic and international demand.
- Policy changes affecting the agricultural sector.