Forecast: Fish Farming Production in Austria

The fish farming production in Austria has displayed a consistent upward trend over the past decade. In 2023, the production reached 5.26 thousand metric tons. The year-on-year growth has varied, showing notable increases especially in 2017 (10.87%), 2021 (8.33%), and moderate growth in 2023 (3.29%). The compound annual growth rate (CAGR) over the last five years stands at 5.66%, pointing to a stable growth trajectory.

Looking forward, the production is forecasted to continue its upward trend, reaching 6.07 thousand metric tons by 2028. The forecasted five-year CAGR is 2.28%, indicating a slower yet steady growth rate with an overall 11.93% growth over the same period.

Future Trends to Watch For:

  • Technological advancements in aquaculture that might increase yield and efficiency.
  • Potential government policies and subsidies supporting sustainable fish farming practices.
  • Market demand fluctuations influenced by consumer preferences towards sustainable and fresh products.
  • Impact of climate change on water resources and fish health affecting production scales.

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