Over the past decade, the seafood processing turnover in Austria exhibited an overall upward trend from 39.4 million euros in 2013 to 46.3 million euros in 2023. The sector has seen fluctuations, with notable year-on-year variations such as a 6.09% increase in 2014 and a significant decline of 1.97% in 2019. However, from 2020 onwards, the turnover demonstrated modest growth with percentages between 0.22% and 1.78% annually. The compound annual growth rate (CAGR) reflects a decrease from 4.38% in 2013 to 0.22% by 2023, indicating a slowdown in growth over the latter years.
Forecasts for 2024 to 2028 suggest steady, albeit modest, growth with turnover values reaching 46.8 million euros by 2028. The forecasted five-year CAGR stands at 0.13%, pointing to marginal improvement. As of 2023, the turnover in the seafood processing industry was 46.3 million euros.
Future trends to watch for include advancements in processing technology, shifts in consumer preferences towards sustainable and locally-sourced seafood, and potential market consolidations. Additionally, fluctuations in global seafood prices and trade policies could impact the industry's financial performance.
