In 2023, the turnover for the distilling, rectifying, and blending of spirits industry in Austria stood at 244.7 million Euros. The forecasted turnover from 2024 to 2028 indicates a consistent upward trend: 252.3 million Euros in 2024, 259.9 million Euros in 2025, 267.5 million Euros in 2026, 275.1 million Euros in 2027, and 282.6 million Euros in 2028. This reveals the following year-on-year percentage variations:
- 2023 to 2024: +3.1%
- 2024 to 2025: +3.0%
- 2025 to 2026: +2.9%
- 2026 to 2027: +2.8%
- 2027 to 2028: +2.7%
The compound annual growth rate (CAGR) from 2023 to 2028 is approximately 2.9%, demonstrating a steady and gradual increase over the five-year forecast period.
Future trends to keep an eye on include potential shifts in consumer preferences towards premium and craft spirits, regulatory changes affecting production and import/export, and evolving market dynamics due to health and wellness trends. Additionally, technological advancements in production could also play a significant role in shaping the industry's future landscape.
