Soybean oil production in Austria has shown significant fluctuations between 2014 and 2023, increasing from 9,000 metric tons in 2014 to 26,000 metric tons in 2023. In recent years, the year-on-year variation saw a 4% increase in 2023, consistent with a compound annual growth rate (CAGR) of 1.61% over the last five years. The production trend from 2018 has generally been positive despite minor declines, demonstrating a strong rebound between 2018 and 2023.
Future trends to watch for:
- Forecasted production shows a steady increase, reaching 31,320 metric tons by 2028, which indicates a forecasted 5-year CAGR of 2.92% and a growth rate of 15.45% over the same period.
- Potential technological advancements and market demands might further drive up production, while environmental policies could impact future production sustainability and practices.