The wine market in Austria has shown fluctuations over the past decade, evidenced by data from 2013 to 2023. In 2023, the market size stood at 54.776 million liters, with a marginal year-on-year increase of 0.53%. The five-year compound annual growth rate (CAGR) up to 2023 was 0.52%, showing a stable but slow growth trend.
Key Year-on-Year Variations (Last Two Years):
- 2021: -12.8%
- 2022: +26.34%
CAGR (Last 5 Years up to 2023):
- 0.52%
Future trends to watch include a forecasted five-year CAGR of 0.41%, with an overall five-year growth rate of 2.04% through 2028. Continued market stability with slight growth is expected, influenced by shifts in consumer preferences and potential changes in economic conditions.