The Austrian dairy production sector displayed significant fluctuations from 2013 to 2023, with the value standing at 2.93 billion Euros in 2023. Production experienced considerable highs and lows, from a notable year-on-year increase of 15.4% in 2017 and a drop of 7.35% in 2015. Over the past two years, year-on-year growth rates were moderate at 2.13% in 2022 and 2.06% in 2023. The five-year CAGR leading up to 2023 was 1.86%, indicative of stable growth.
Future trends to watch include:
- Forecasts indicate continued growth, with a five-year CAGR of 1.48% expected up to 2028, culminating in a sector value of 3.22 billion Euros.
- Monitoring changes in consumer preferences, sustainability efforts, and potential economic shifts will be crucial to understand sector dynamics.
