The beer demand in Austria exhibited fluctuations over the past decade. From 2014 to 2019, volumes experienced slight increases interspersed with minor declines, before a significant drop in 2020 due to external factors likely linked to the COVID-19 pandemic, leading to a 16.64% year-on-year decline. The market showed resilience, rebounding sharply by 14.82% in 2021, and continuing to grow through 2022. In 2023, demand reached 949.0 thousand metric tons with a modest year-on-year growth of 0.32%, and the five-year CAGR of 0.19%.
Future trends to watch for:
- Steady growth is anticipated, with forecasts predicting an increase to 963.44 thousand metric tons by 2028.
- An expected yearly growth rate of around 0.3% over the next five years.
- Trends in consumer preferences, potential socio-economic impacts, and regulatory changes could influence future dynamics.