Cheese production in Austria has shown a consistent growth trend over the past decade, increasing from 157.76 thousand metric tons in 2013 to 225.89 thousand metric tons in 2023. This represents a robust growth trajectory, albeit with some fluctuations. Notably, production experienced significant year-on-year increases in the early years, peaking with a 9.31% rise in 2014. In recent years, the growth has slowed, with a 1.45% increase noted in 2023.
Looking at the last two years, the year-on-year variation for cheese production was 3.28% in 2022 and 1.45% in 2023. The Compound Annual Growth Rate (CAGR) over the past five years stands at 2.21%, reflecting a stable but moderate growth rate.
Forecasts for 2024 and beyond suggest continued growth, albeit at a slower pace. From 2024 to 2028, the average annual growth rate is projected at 1.08%, with an overall increase of 5.54% over the five years.
Future trends to watch include the potential for technological advancements in cheese production, changes in consumer preferences towards organic and locally produced cheese, and impacts of global economic conditions on export markets.
