The export volume of Animal Feed Preparations from Austria was 469.54 million kilograms in 2023. The year-on-year variation from 2022 to 2023 was 3.93%. Over the last two years, exports have increased modestly at sub-4% annual rates, reflecting slowing growth compared to previous years. The compounded annual growth rate (CAGR) over the past five years stood at 5.26%, indicating a decreasing growth trend since the 2013 to 2017 period when CAGRs were over 10%.
Forecasts show a gradual increase in export volumes, reaching 553.19 million kilograms by 2028. The forecasted five-year CAGR from 2024 to 2028 is 2.58%, continuing to signal a deceleration in growth rate. Trends over a longer period exhibit strong initial growth which has gradually tapered off, indicating market maturation.
Future trends to watch for:
- Possible market saturation leading to further slowdown in growth rates
- Emerging markets and alternative feed ingredients may impact demand
- Policy changes and trade agreements influencing international trade dynamics
