In 2023, Austria's primary oilseeds gross production stood at 50.58 million US Dollars PPP (2004-2006). The forecasted data for the years 2024 to 2028 shows a consistent, incremental rise in the value of primary oilseeds production, averaging around a 0.2% year-on-year increase. This steady trend reflects a positive growth trajectory in the oilseeds sector.
Variation analysis shows a slight year-on-year increase from 2023 to 2024 (0.20%), and similar marginal increases annually up to 2028, indicating consistent improvement. Over the last two years (2022-2023), the sector experienced negligible variation, pointing to stabilization and gradual growth within this period. The 5-year compound annual growth rate (CAGR) highlights a modest average annual increase, reinforcing this stable but positive trend.
Future trends to watch for:
- Changes in global demand and pricing for oilseeds could impact production values.
- Adoption of emerging agricultural technologies and practices.
- Policy changes and subsidies affecting the oilseeds market.
- Climate change implications on crop yield and production cycles.