Forecast: Poultry Meat Production in Austria

Analysis of the poultry meat production in Austria indicates that from 2013 to 2023, the production saw fluctuations with both upward and downward trends. In 2023, the value stood at 132.32 thousand metric tons. The year-on-year variation for 2023 was 0.15%, maintaining steady growth from 2022. Over the past five years, from 2018 to 2023, the CAGR was 1.27%, indicating moderate annual growth.

Looking forward, the forecasted data suggests a marginal increase in production with a 0.12% CAGR expected from 2024 to 2028. The estimated growth rate for this period is 0.62%, reflecting a stable yet slow upward trend.

Future trends to watch for include:

- Market demand shifts due to changing consumer preferences towards plant-based proteins or sustainably produced meat.- Economic factors such as feed prices which heavily influence production costs and therefore, market prices.- Regulatory changes affecting production practices, quality standards, and international trade.