The Durum Wheat Groats and Meal Market in Austria has shown a fluctuating yet overall upward trend in volume over the years. From 2013 to 2023, the market increased from 27.372 Million Kilograms to 30.297 Million Kilograms. The most notable increase was between 2018 and 2020, where the market saw a significant boost. However, there were minor declines in certain years, like 2016 and 2021.
Year-on-year variations show several peaks and troughs, with the highest growth rate of 10.86% observed in 2019. The market faced a notable decline of -7.53% in 2021, but rebounded to a nominal growth around 0.9% in subsequent years. The Compound Annual Growth Rate (CAGR) over the last five years stands at 1.61%, indicating a moderate growth trajectory.
Future trends to watch for:
- Increased focus on health and organic foods could drive demand.
- Potential impact of economic factors and policy changes on agricultural production.
- Technological advancements in agriculture and food processing.
How does Austria rank in Durum Wheat Groats and Meal Market Size Volume?
| # | 8 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 2,284,800,000 | 2023 | +0.85% | -0.77% | View data |
| 2 | 2 Spain | 303,090,000 | 2023 | +0.62% | +1.72% | View data |
| 3 | 3 Germany | 242,560,000 | 2023 | -0.76% | +0.012% | View data |
| 4 | 4 Poland | 41,358,000 | 2023 | +3.46% | +3.91% | View data |
| 5 | 5 Austria | 30,297,000 | 2023 | +0.89% | +1.61% | |
| 6 | 6 Croatia | 11,182,000 | 2023 | -0.58% | -2.93% | View data |
| 7 | 7 Denmark | 7,871,100 | 2023 | +1.84% | +1.94% | View data |
