Between 2013 and 2023, the production of goat milk delivered to dairies in Austria saw significant fluctuations. Starting at 11.8 thousand metric tons in 2013, production experienced several variations, peaking dramatically at 29.66 thousand metric tons in 2020, only to drop sharply to 11.52 thousand metric tons in 2023. The variation patterns indicate high volatility with a notable uptick in production in 2019 and 2020, followed by steep declines in 2021 and 2022.
Year-on-year analysis:
- 2022 to 2023: Increase of 2.22%
- 2021 to 2022: Decrease of 38.75%
The average Compound Annual Growth Rate (CAGR) from 2018 to 2023 stands at -4.58%, reflecting the downturn in the latter years. Looking ahead, the forecasted data from 2024 to 2028 show a gradual recovery with an estimated 5-year CAGR of 1.44% and a total growth of 7.4% by 2028.
Future trends to watch for include potential economic factors influencing dairy production sustainability, consumer demand shifts towards goat milk products, and possible advancements in dairy farming technology that could stabilize and enhance production levels.
