The retail sale via stalls and markets sector in Austria exhibited a notable upward trend from 2013 to 2019, characterized by steady year-on-year growth and an overall positive CAGR. However, 2020 saw a significant decline of 24.05% due to the impact of the COVID-19 pandemic. Recovery was evident in the subsequent years, with notable rebounds in 2021 and 2022. As of 2023, turnover stood at 168.5 million euros, representing an 8.92% increase over the previous year. The CAGR for the last five years settled at 3.47%, signaling a moderately stable growth.
Looking ahead to the forecasted period from 2024 to 2028, a more conservative growth trend is projected, with an anticipated CAGR of 2.55%. The sector is expected to achieve a 13.42% increase by 2028, indicating steady but modest growth possibilities.
Future trends to watch for include:
- The potential resurgence of in-person market activities as consumer confidence fully recovers post-pandemic.
- The increasing integration of digital technologies to enhance customer experience and operational efficiency in stalls and markets.
- The impact of economic factors such as inflation and supply chain challenges on market operations and consumer spending.
- The role of sustainability practices in influencing consumer preferences and market strategies.