Austrian sweeteners import volume remained relatively stable from 2014 through 2023, showing minor fluctuations around the 360-370 thousand metric tons range. In 2023, the volume stood at 362 thousand metric tons, maintaining the same level as in 2022 with a zero percent year-on-year variation. Over the last five years, the compound annual growth rate (CAGR) averaged -0.11%, indicating a slight declining trend.
Looking at the forecasted data from 2024 to 2028, the volume remains almost constant, with a projected slight decrease to 360 thousand metric tons by 2028. The forecasted 5-year CAGR is -0.11%, suggesting a continued marginal decline.
Future trends to watch for:
- Potential shifts in consumer preferences toward alternative sweeteners.
- Changes in trade policies affecting import regulations and tariffs.
- Technological advancements in food and beverages impacting demand for conventional sweeteners.
