Between 2014 and 2023, the demand for oilseeds in Austria saw varied trends, standing at 822.0 thousand metric tons in 2023. Key yearly fluctuations include significant increases in 2016 (+14.56%) and 2018 (+14.14%), and a notable dip in 2015 (-7.87%). Over the past five years, the Compound Annual Growth Rate (CAGR) averaged 0.37%, indicating a mild upward trend.
For the upcoming period, from 2024 to 2028, the demand is forecasted to grow at an average yearly rate of 0.76%, culminating in a total increase of 3.85% over the five years. Future trends to monitor include potential shifts in agricultural policies, global market fluctuations, and advancements in oilseed cultivation technology which could affect demand dynamics. Moreover, changes in consumer preferences towards more sustainable and locally-sourced products might also impact future oilseed demand in Austria.
