The Austrian grapes market has experienced considerable fluctuations in volume over the last decade, standing at 75,000 metric tons in 2023. The year-on-year variation for 2023 was 2.74%, slightly lower than in previous years. The average Compound Annual Growth Rate (CAGR) over the past five years was modest at 0.54%. Notable spikes occurred in 2018 with an 87.18% increase and again in 2016. From 2024 to 2028, the market is expected to grow gradually with a forecasted CAGR of 2.24%, reaching 86,000 metric tons by 2028.
In the future, key trends to monitor include potential impacts of climate change on grape production, evolving consumer preferences towards organic and local produce, and technological advancements in agricultural practices that could influence yields and production consistency.
