The consumption of soybeans feed in Austria has shown a consistent upward trend since 2014, standing at 89.0 Thousand Metric Tons in 2023. The volume in 2023 reflects a 2.3% year-on-year increase. Analyzing the five-year period from 2019 to 2023, the CAGR has been 1.41%, indicating steady, albeit moderate, growth. Notable spikes in consumption were observed in 2017 with an 18.46% increase and in 2018 with a 7.79% rise. The last two years have shown variations of 2.38% in 2021 and 1.16% in 2022.
Looking forward, the forecast until 2028 indicates a continued growth, with an anticipated 1.29% CAGR resulting in an overall growth rate of 6.59% over the next five years. The projected consumption for 2028 stands at 97.0 Thousand Metric Tons, reflecting a sustained demand.
Future trends to watch for include factors influencing EU agricultural policies, global soybean supply chain dynamics, and the evolving feed demand driven by shifts in livestock farming practices and sustainability initiatives. Monitoring these will provide insights into potential accelerations or deviations in the projected growth trajectory.
