From 2013 to 2023, Austria's spirits market saw significant fluctuations. In 2023, the market size stood at 222.99 million Euros. Key variations included a peak in 2013 at 240.78 million Euros, followed by notable declines in 2015 and 2020. The 2022 rebound by 14.84% was noteworthy, culminating in a modest 2.41% increase in 2023. Over the last five years, the CAGR was -1.15%.
Looking ahead, the forecast from 2024 to 2028 suggests a slight decline in the market, with a projected 5-year CAGR of -0.25% and a growth rate of -1.25%. This indicates a gradual yet consistent downtrend.
Future trends to watch include shifts in consumer preferences, potential regulatory changes, and the impact of global economic fluctuations. Alternative spirits and sustainable production methods may also influence market dynamics.
