Forecast: Chicken Meat Production in Austria

Based on the historical and forecasted data for chicken meat production in Austria, there has been an overall increase from 2013 to 2023, with fluctuations. The volume increased from 109.18 thousand metric tons in 2013 to 118.99 thousand metric tons in 2023, indicating a gradual growth.

Notable year-on-year changes include significant growth in 2016 (7.98%) and a sharp decline in 2018 (-13.84%). The most recent years show more stable growth, with 0.68% in 2022 and 0.66% in 2023. The Compound Annual Growth Rate (CAGR) for the last five years is 1.66%.

Future trends to watch for include:

• Sustained growth momentum projected with 0.53% CAGR from 2024 to 2028.
• Forecasted production reaching 123.07 thousand metric tons by 2028, marking a total growth of 2.69% over this period.
• Potential influences of market demand, technological advancements, and regulatory changes.