The wheat or meslin flour market in Austria has demonstrated fluctuating trends over the past decade. From 2013 to 2023, we observe a notable decline from 313.52 million Euros to 261.12 million Euros, with significant drops in 2016 and 2017. There was a recovery from 2018 to 2021, highlighted by a peak at 278.02 million Euros in 2021, but recent years have seen a decrease, indicated by the 2023 value of 261.12 million Euros.
Year-on-year variation for the last two years shows a decline of 3.09% each year. The average annual growth rate (CAGR) over the last five years, from 2019 to 2023, stands at 2.59%. Forecasted data from 2024 to 2028 indicates a steady decline with a forecasted 5-year CAGR of -2.68%, projecting a market size of 220.73 million Euros by 2028, representing an overall reduction in market value by 12.71%.
Future trends to watch for include potential impacts of agricultural policies, shifts in consumer dietary preferences, and economic factors influencing production costs. Monitoring these elements will be crucial for stakeholders to navigate market dynamics effectively.
