By 2023, the value of animal feed imports to Austria stood at $676.94 million USD. Over the past two years, the import value grew by an average of approximately 3.24% per year. Evaluating the last five years, the Compound Annual Growth Rate (CAGR) indicates a 3.14% average annual increase. Historically, the trend showcases noticeable fluctuations with significant growth spurts such as in 2017 (18.77%) and declines, particularly in 2015 and 2016.
Examining future predictions, a more moderate annual growth rate of 2.17% is forecasted, resulting in an overall increase of 11.35% in import value by 2028. Key trends to watch for in the coming years include potential shifts in global trade policies, changes in animal feed production technologies, and fluctuations in demand due to changing agricultural practices and livestock demographics.
