As of 2023, Austria's export of dog or cat food stood at 278.39 million kilograms. This represents a year-on-year increase of 3.62%, a slight decline in growth rate when considering the five-year Compound Annual Growth Rate (CAGR) of 3.8% from 2018 to 2023. Over the prior years, the annual growth rate has seen a progressive and consistent increment, with peaks in the early 2010s and a tapering off in the late 2010s and early 2020s.
From 2024 onwards, the forecast suggests a continued increase in export volume, reaching 324.2 million kilograms by 2028. The projected five-year CAGR is 2.4%, with an overall growth rate of 12.6% over this period. This points to a gradually slowing but steady growth pattern.
Future trends to watch for:
- Consumer behavior shifts towards premium and specialized pet foods.
- Emerging markets and increased pet ownership in developing countries.
- Potential impacts of trade policies and regulations on export volumes.
