The sold production value of durum wheat groats and meal in Austria showed significant fluctuations from 2013 to 2023. Starting from 21.707 million euros in 2013, the value saw a general upward trend with some annual declines, peaking notably at 28.417 million euros in 2020. By 2023, the production value settled at 27.871 million euros, reflecting a modest year-on-year growth of 2.08% and a CAGR of 3.85% over the past five years.
Key trends observed over the review period include:
- Short-term volatility with years of significant rises and drops.
- A stronger upward growth trend starting from 2019, influenced partly by a significant increase in 2020.
- Steady growth expected from 2023 to 2028, with an annual average increase forecast at 1.5% and an overall growth rate of 7.72% over the five-year period.
Looking forward, it will be crucial to monitor developments in agricultural policies, climate changes impacting wheat production, and shifts in both domestic and international demand for durum wheat products. Additionally, technological advances in farming and processing could further influence production values.
