The fresh pork market in Austria showed varied fluctuations from 2013 to 2023, with values expressed in billion Euros. In 2023, the market size stood at approximately 1.613 billion Euros. Between 2013 and 2023, there have been several significant variations year-on-year. Notably, there was a sharp increase of 17.08% in 2019, illustrating a potential market expansion phase. However, this increase was followed by smaller growth variations of 1.05% in 2020 and 2.4% in 2022. Overall, from 2018 to 2023, the market achieved a CAGR of 3.92%, indicating consistent growth.
Looking towards the future, from 2024 onward, the market is projected to maintain a steady growth rate with a forecasted 5-year CAGR of 1.66%, culminating in an approximate market size of 1.790 billion Euros by 2028. This indicates a stable increase in market demand and value over the forthcoming years, totaling a growth rate of about 8.57% over the five-year forecast period.
Future trends to watch for:
- Increased focus on sustainability and organic farming practices
- Growing consumer preference for locally sourced and high-quality pork products
- Potential impact of import regulations and trade policies on market dynamics
- Advancements in technology improving the efficiency of pork production
