The production volumes of beverages in Austria, expressed in Billion Euros, have shown a consistent growth trend, characterized by a significant year-on-year increase in specific years and occasional dips, such as a marked decline in 2020. In 2023, the value stood at 6.72 Billion Euros.
Recent years observed these variations:
- 2022: 1.94% increase YoY, with a CAGR over the last five years at 2.39%
- 2023: 1.87% rise YoY, with a CAGR over the previous five years at 2.02%
Highlighting future expectations:
Forecast data indicates a continued upward trend, with a projected CAGR of 1.44% from 2024 to 2028, culminating in a growth rate of 7.41% over this period.
Future trends to watch for:
- Technological advancements in beverage production
- Shifts in consumer preferences towards healthier options
- Potential impacts of regulatory changes on production practices
- Market expansion through innovation and sustainable practices
- The influence of global economic conditions on beverage production volumes
