The Wheat or Meslin Flour market in Austria has shown a declining trend in volume over the last decade. From a high of 543.77 million kilograms in 2015, the market has experienced consistent decreases, reaching 390.58 million kilograms in 2023. The year-on-year variation over the last two years (2022-2023) highlights a decline of 1.14%, signaling continuous contraction. The Compound Annual Growth Rate (CAGR) for the last five years stands at -1.48%, reflecting the market's shrinking trajectory.
Looking forward to the forecasted period from 2024 to 2028, the trend is expected to persist, with a forecasted five-year CAGR of -0.92%, resulting in an overall volume decline rate of -4.52% by 2028.
Future trends to watch for include:
- Impact of agricultural policies and subsidies on wheat production.
- Technological advancements in flour milling and its impact on production efficiency.
- Potential shifts in consumer preferences towards alternative flours and gluten-free products.
