Austria's oilseeds production is projected to demonstrate a steady upward trend. The production in 2023 stood at 380 million Euros. The forecasted values for 2024 to 2028 show incremental growth, from 394.89 million Euros in 2024 to 432.9 million Euros in 2028. The year-on-year growth rates are as follows:
- 2024: 3.92%
- 2025: 3.25%
- 2026: 2.53%
- 2027: 1.97%
- 2028: 1.55%
Over the last two years, the oilseeds market saw a combined growth rate of approximately 7.3%. Looking at the forecasted period from 2024 to 2028, the compound annual growth rate (CAGR) stands at about 2.94%.
Future trends to watch for include the impact of climate change on yield, advancements in agricultural technology, government policies supporting sustainable farming, and fluctuations in global oilseed markets which could influence production investments and returns.
