Forecast: Employment in Spirits Sector in Austria

Employment in the Austrian spirits sector has shown a general upward trend from 2013 to 2023, rising from 619 to 700 full-time equivalent units. Despite some fluctuations, like slight drops in 2016 and 2017, the sector rebounded with an 8.64% increase in 2018 and a consistent growth thereafter.

The sector exhibited a modest average annual growth rate of 0.61% over the past five years leading up to 2023. Forecasted data from 2024 to 2028 anticipates steady growth with a 5-year CAGR of 0.34%, reaching 716 units by 2028.

Future trends to watch for include technological advancements potentially driving efficiencies, shifts in consumer preferences impacting production needs, and governmental policies influencing employment dynamics within the sector.

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