Forecast: Alcoholic Beverages Demand in Austria

The demand for alcoholic beverages in Austria has shown fluctuations over the past decade. Initially, a decline was observed from 2014 to 2016, followed by a brief increase in 2017. The demand remained relatively stable from 2018 to 2019 but saw a significant decline in 2020 due to the COVID-19 pandemic. Subsequently, there was a notable recovery in 2021. As of 2023, demand has stabilized at 1.2 million metric tons, showing no significant year-on-year change.

The Compound Annual Growth Rate (CAGR) over the last five years was slightly negative, reflecting an overall slight decline. Forecasting to 2028, the annual average reduction is expected to be marginal at -0.01% CAGR.

Future trends to watch for:

  • Potential impacts of health and wellness trends reducing alcohol consumption.
  • Changes in consumer preferences, including shifts towards premium and craft beverages.
  • Regulatory impacts and developments in alcohol-related policies.

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