Forecast: Beer Production in Austria

Austria's beer production exhibited fluctuations over the past decade, peaking in 2018 at 980 thousand metric tons. A dramatic drop was recorded in 2020 (-16.58%), likely due to the global pandemic. However, recovery was rapid, with a 14.92% rise in 2021 and a consistent 5.8% improvement in 2022. By 2023, the production reached 998 thousand metric tons, showing a year-on-year increase of 0.5% and a 5-year CAGR of 0.36%. Future forecasts suggest a stable growth trajectory, with production expected to reach 1020 thousand metric tons by 2028, suggesting a 5-year forward CAGR of 0.39%.

Future trends to monitor include:

  • Expansions in craft beer segments appealing to diverse consumer preferences.
  • Potential impacts of economic factors and regulatory changes on production volumes.
  • Environmental sustainability initiatives influencing production processes and resource management.

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