The production of Rapeseed Oil and Mustard Oil in Austria has remained relatively stable over the past decade, with minor fluctuations. As of 2023, the production stood at 151.0 thousand metric tons. The year-on-year variation over the last two years showed no change, indicating a stable production trend recently.
From 2014 to 2023, the Compound Annual Growth Rate (CAGR) was 0.13%, signaling a very slight annual increase. The most significant variation occurred in 2020, with a 5% decrease compared to the previous year. However, production rebounded in 2021 with a 5.26% increase. The five-year forecast up to 2028 suggests a marginal growth in production, with a forecasted five-year CAGR of 0.02% and an overall growth rate of 0.09%.
Future trends to watch for:
- Potential impact of climate change on crop yields and oil production.
- Advancements in agricultural technology and sustainable farming practices.
- Market demand shifts influenced by consumer preferences towards healthier oils.
- Regulatory changes affecting the production and export of rapeseed and mustard oils.