The area dedicated to ornamental plants and flowers in Austria showed stability from 2013 to 2014, followed by a significant decline in 2015. The value remained steady from 2015 to 2019, with another minor drop in 2020, before a notable increase in 2021. Although there was a slight decrease in 2022, the area rebounded in 2023 and is forecasted to continue growing steadily until 2028. In 2023, the area stood at 430 hectares.
- 2021 marked a significant 26.47% increase, contrasting with the declines in previous years.
- Year-on-year growth in 2022 was -2.33% and in 2023 was 2.38%.
- The CAGR over the last five years up to 2023 is 4.2%.
- The forecasted CAGR for the next five years is 0.91%, with a total growth rate of 4.65% by 2028.
Future trends to watch for include the impact of climate change on cultivation practices, advancements in greenhouse technology, and evolving consumer preferences towards sustainable and locally-grown ornamental plants. These factors could influence the growth trajectory and market dynamics in the coming years.
