The coffee market in Austria experienced a gradual decline from 2014 to 2023, starting at 68.0 thousand metric tons in 2014 and standing at 63.0 thousand metric tons in 2023. The volume fluctuated, with notable decreases in 2017 and 2020. The last two years showed stabilization, with no year-on-year variation from 2022 to 2023. The last five-year CAGR was -0.31%, indicating a slight downward trend.
Analysis of future trends:
• Forecasts suggest a continued, slight decline in the coffee market volume, with the CAGR for the next five years expected to be -0.39%.
• Potential factors to watch include changes in consumer preferences, growing competition from alternative beverages, and macroeconomic conditions that might affect spending on non-essential goods.