The gross investment in the meat processing sector in Austria has exhibited fluctuating trends over the past decade. The year 2013 marked a significant decline, but the sector has shown recovery and growth in subsequent years. Key fluctuations include a sharp increase in 2017, following which the sector witnessed varied performance. The year 2020 experienced a notable 17.76% increase despite earlier downturns, while more recent years like 2021 and 2022 indicated marginally positive changes. The value stood at 128.9 million Euros in 2023. The Compound Annual Growth Rate (CAGR) of -0.89% over the last five years indicates a slight contraction in recent past investments.
Looking ahead, the forecasted values from 2024 suggest steady growth, with annual values rising incrementally until 2028. This points to an expected 5-year Compound Annual Growth Rate (CAGR) of 1.18%.
- Investments are expected to see a cumulative growth rate of 6.04% by 2028.
- Future trends to watch include technological advancements in meat processing, shifts in consumer preferences towards sustainable and plant-based alternatives, and potential policy changes impacting the meat industry.
