The production value of fruit and vegetable processing in Austria has shown fluctuations from 2013 to 2023. There was a notable decline from 2014 to 2016, with a year-on-year decrease of 6.94% in 2014 and 7.94% in 2015. This was followed by a recovery phase starting in 2017, marked by a significant 14.67% increase. Subsequent years saw steady growth, with a peak year-on-year increase of 11.29% in 2018. By 2023, the value reached 1.78 billion Euros, with a modest year-on-year increase of 1.59%.
The Compound Annual Growth Rate (CAGR) over the last 5 years (2019-2023) stands at 1.66%, indicating moderate but consistent growth. Looking forward, forecasts suggest continued growth, with an expected CAGR of 1.16% through 2028, and a total estimated growth rate of 5.95% over the next five years.
Future Trends to Watch For:
- Technological advancements in processing methods.- Increasing consumer preference for healthy and organic products.- The impact of regulatory changes on production and distribution.- Climate change and its effects on agricultural output.- Global economic trends and their influence on export dynamics.
