Forecast: Poultry Meat Processing Production Value in Austria

The poultry meat processing production value in Austria has shown a consistent upward trend from 2013 to 2023, standing at 605.0 million Euros in 2023. The year-on-year growth has fluctuated over the years, peaking at 16.93% in 2014 and dipping to a modest 0.51% in 2021. Recently, the year-on-year variation has stabilized, with a 2.73% increase in 2022 and 2.47% in 2023. The Compound Annual Growth Rate (CAGR) over the past five years averaged at 3.63%.

Looking ahead, forecasted data for the next five years indicates a continued growth trajectory, albeit at a slower pace, with a forecasted 5-year CAGR of 1.41% and an overall 5-year growth rate of 7.24%. By 2028, the production value is anticipated to reach 663.4 million Euros.

Future trends to watch for:

• Market adaptations to changing consumer preferences towards more sustainable and organic poultry products.
• Technological advancements in processing techniques potentially improving efficiency and production value.
• Regulatory changes in the EU affecting production standards and costs.
• Global economic factors impacting export demand and raw material prices.