The seafood market volume in Austria has experienced fluctuations over the past decade, standing at 21.995 million kilograms in 2023. Between 2013 and 2023, the market experienced a mix of growth and decline, with some substantial drops, notably in 2017 and 2020. The recovery post-2020 was reflected in significant year-on-year increases for 2021 and 2022; however, 2023 saw a slight decrease of 1.55%. The Compound Annual Growth Rate (CAGR) over the last five years up to 2023 indicated a gentle decline at -1.52%.
Looking ahead, the forecast shows a continuous gradual decline with a five-year CAGR of -1.35%, leading to a projected market size of 20.124 million kilograms by 2028. This translates to an overall reduction of around 6.55% over this period.
Future trends to watch for include shifts in consumer preferences towards sustainable and local seafood, potential impacts of environmental policies, and fluctuations in supply chain dynamics influenced by global economic conditions. These factors will play crucial roles in shaping the trajectory of the seafood market volume in Austria.
