The observed trends in Austria's agricultural raw materials imports from 2013 to 2023 indicate a steady decline with notable variations year-on-year. Despite an increase in 2021, the overall trajectory has been downward, highlighted by a significant fall in 2017. The year-on-year variation in 2023 showed a 4.76% increase, but this did not compensate for the consistent reduction seen previously. Over the last five years, the compound annual growth rate (CAGR) is -1.12%, underscoring a gradual decrease.
Forecasted data from 2024 to 2028 suggests a continued slight downward trend. The five-year forecasted CAGR stands at -0.18%, projecting a minimal decline in imports. The overall growth rate for this period is expected to be -0.88%. Future trends to monitor include changes in global agricultural markets, impacts of climate change on raw material availability, and policy shifts both within Austria and internationally that may affect import dynamics.
