The seafood market size volume in Austria reveals a notable fluctuation over the years. Starting at 26.918 million kilograms in 2012, it experienced moderate growth peaks at 28.46 million kilograms in 2014. However, from 2015 onwards, a declining trend emerged, punctuated by significant drops, particularly in 2017 and 2020, when the market size fell to 23.312 million kilograms and 19.134 million kilograms respectively.
The market showed some recovery in the subsequent years, reaching 22.341 million kilograms by 2022. Analysis over the last two years shows that the market experienced a modest increase of 12.67% in 2021 and 3.63% in 2022. The Compound Annual Growth Rate (CAGR) over the last five years stands at -0.85%, indicating an overall declining trend despite periodic rebounds.
Future trends to watch for:
- Recovery efforts post-pandemic impacts which severely affected 2020 figures.
- Shifts in consumer preferences towards sustainable seafood sources.
- Potential growth aided by increasing health consciousness and demand for nutritious food options.
How does Austria rank in Seafood Market Size Volume?
| # | 15 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 1,039,200,000 | 2023 | -1.62% | +1.65% | View data |
| 2 | 2 Denmark | 695,410,000 | 2023 | -0.31% | -0.19% | View data |
| 3 | 3 Italy | 659,090,000 | 2023 | +0.46% | -1.71% | View data |
| 4 | 4 France | 601,260,000 | 2023 | -1.93% | +0.22% | View data |
| 5 | 5 United Kingdom | 535,230,000 | 2023 | -1.1% | -0.87% | View data |
| 12 | 12 Bulgaria | 34,400,000 | 2023 | +3.25% | +0.83% | View data |
| 13 | 13 Croatia | 22,133,000 | 2023 | -3.34% | -3.12% | View data |
| 14 | 14 Austria | 21,995,000 | 2023 | -1.55% | -1.52% | |
| 15 | 15 Hungary | 13,653,000 | 2023 | +0.33% | +0.27% | View data |
