The bottled water market in Austria has shown fluctuating trends over the past decade. From 2013 to 2023, the market value in million euros saw an overall decline with intermittent spikes. The highest value was recorded in 2013 at over 300 million euros, while by 2023, it had decreased to 278 million euros. Year-on-year variations reveal significant drops, especially in 2014 and 2016, with a major dip of over 5% in both years. However, some recovery was observed in 2017 and 2021.
Recent years (2022-2023) saw minimal negative variance, showing a stabilization trend. The compound annual growth rate (CAGR) over the last two years indicates a slight decline. The last five years' CAGR also shows a marginal negative growth rate, reflective of a consistent but slow decline in market value.
Future Bullet Points:
- The forecasted market value for bottled water by 2028 is anticipated to continue its slight downward trend.- The five-year forecast CAGR is modest at -0.21%, implying a gradual yet steady decrease.
Trends to Watch:
Future trends to watch in the Austria bottled water market include potential shifts towards sustainable packaging, increasing consumer consciousness about health and environmental issues, and possibly government regulations impacting plastic use. This could either revitalize the market or pose new challenges, shaping the demand dynamics over the upcoming years.
