The Wheat Groats and Meal Market in Austria has shown a general upward trend from 2012 to 2022, despite some fluctuations. Starting at €21.844 million in 2012, the market value reached €27.892 million by 2022. The largest year-on-year increases were observed in 2015 (11.08%) and 2020 (10.43%). Meanwhile, the most significant declines occurred in 2016 (-10.57%) and 2021 (-1.77%). The Compound Annual Growth Rate (CAGR) for the last 5 years stands at 4.13%, indicating a steady growth trend.
Recent trends show that in 2022, the market value increased by 1.52% year-on-year. From 2019 to 2021, the market displayed robust growth with a notable peak in 2020. This could be tied to increased health consciousness and demand for whole grain products during the pandemic.
Future trends to watch for include consumer preferences shifting towards healthier and organic meal options, changes in agricultural policies, and possible impacts of climate change on wheat production. Additionally, technological advancements in agricultural practices and supply chain efficiencies could further influence market dynamics.
How does Austria rank in Wheat Groats and Meal Market Size Value?
| # | 8 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 185,090,000 | 2023 | -1.02% | +3.36% | View data |
| 2 | 2 Spain | 126,640,000 | 2023 | +0.23% | +1.07% | View data |
| 3 | 3 France | 103,280,000 | 2023 | -2.05% | -1.48% | View data |
| 4 | 4 Austria | 25,934,000 | 2023 | +1.35% | +2.21% | |
| 5 | 5 Greece | 12,304,000 | 2023 | -1.22% | -2.21% | View data |
| 6 | 6 Croatia | 11,690,000 | 2023 | +0.33% | -0.15% | View data |
