The Wheat Groats and Meal market volume in Austria exhibited fluctuations over the last decade, beginning at 32.267 million kilograms in 2012 and reaching 35.02 million kilograms by 2022. Initially, a period of mild growth marked by an overall consistent trend was evident, alongside larger variances in specific years, such as notable dips in 2017 and subsequent increases in 2019 and 2020.
In recent years, the market displayed moderate but consistent growth, highlighted by a compound annual growth rate (CAGR) of 2.42% between 2018 and 2022, suggesting resilience and potential market stabilization. Year-on-year analysis revealed fluctuations, with impressive recovery post-2017 slump and slight growth sustenance through minor declines in 2021.
The 2023 volume is a crucial indicator of ongoing trends, reflecting the standing market capacity with a slight percentage increase expected. As we are in 2024, the forecasted data indicates a steady upward movement, driven potentially by market expansion, technological advancements in agriculture, and changing consumer demand patterns.
Future trends to watch for include technological innovations improving yield efficiency, sustainable agriculture practices gaining traction, and potential changes in dietary preferences impacting wheat demand. Monitoring climate impact on agriculture and shifts in global wheat supply chains will also be pivotal for future market assessments.
How does Austria rank in Wheat Groats and Meal Market Size Volume?
| # | 8 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 299,400,000 | 2023 | +0.63% | +1.5% | View data |
| 2 | 2 Germany | 267,970,000 | 2023 | -0.74% | +0.031% | View data |
| 3 | 3 Belgium | 45,566,000 | 2023 | -0.63% | +0.78% | View data |
| 4 | 4 Austria | 34,294,000 | 2023 | -0.77% | +1.77% | |
| 5 | 5 Croatia | 18,860,000 | 2023 | +2.1% | -1.01% | View data |
| 6 | 6 Denmark | 18,210,000 | 2023 | +2.07% | +4.16% | View data |
