The Austrian seafood market has experienced fluctuating growth patterns over the past decade. From 2012 to 2022, the market size value varied significantly, reaching its peak in 2016 at €281.49 million before declining sharply in 2017 to €244.59 million. The market hit its lowest point in 2020 at €213.18 million, primarily due to the impact of the COVID-19 pandemic. Recovery commenced in 2021 with a 15.01% year-on-year increase, followed by a further rise in 2022 by 5.76%, resulting in a market value of €259.3 million.
Key trends over the last two years include:
- 2021: +15.01% year-on-year growth.
- 2022: +5.76% year-on-year growth.
The Compound Annual Growth Rate (CAGR) over the last five years stands at 1.18%, indicating moderate recovery and growth despite past volatility.
Future trends to watch for include a continued rebound in market size driven by increasing consumer demand for healthy eating, sustainability concerns, and a possible shift towards local sourcing. Enhanced supply chain efficiencies and innovations in seafood products could further bolster market growth.
How does Austria rank in Seafood Market Size Value?
| # | 14 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 8,625,000,000 | 2023 | +0.43% | +1.35% | View data |
| 2 | 2 France | 5,603,800,000 | 2023 | -0.7% | -2.49% | View data |
| 3 | 3 Italy | 5,246,900,000 | 2023 | -0.44% | +2.33% | View data |
| 4 | 4 United Kingdom | 5,237,500,000 | 2023 | +0.09% | -1.24% | View data |
| 5 | 5 Germany | 4,720,100,000 | 2023 | +1.3% | -1.97% | View data |
| 8 | 8 Belgium | 1,049,100,000 | 2023 | +1.34% | -2.24% | View data |
| 9 | 9 Romania | 418,940,000 | 2023 | +4.22% | +6.82% | View data |
| 10 | 10 Austria | 260,490,000 | 2023 | +0.46% | +0.59% | |
| 11 | 11 Czech Republic | 245,310,000 | 2023 | +3.98% | +6.24% | View data |
| 12 | 12 Croatia | 115,550,000 | 2023 | +0.49% | +0.15% | View data |
