Meat production in Austria exhibited a moderate fluctuation from 2014 to 2023. From a high of 910.0 thousand metric tons in 2015 to a low of 862.6 thousand metric tons in 2020, the production value saw varying year-on-year changes. Some notable changes include a decline in 2017 by 0.88% and a sharp decrease of 4.9% in 2020. The sector recovered significantly in 2021 with a 5.38% increase. From 2022 to 2023, the year-on-year variation was minor at 0.11%. Despite fluctuations, the compound annual growth rate (CAGR) over the past five years was close to zero, suggesting stability in overall production.
Looking forward, the forecast indicates a slight increase in production, with the value expected to rise to 912.81 thousand metric tons by 2028. The forecasted CAGR over this period is 0.05%, suggesting marginal growth. Watch for:
- Potential shifts in consumer preferences towards alternative proteins.
- Impacts of environmental policies aimed at reducing carbon footprints.
- Technological advancements in meat production and processing.
- Economic factors affecting production costs and supply chain efficiencies.
