From 2014 to 2023, the wheat processing volume in Austria has seen fluctuations. Starting at 15 thousand metric tons in 2014, values ranged significantly, peaking in 2016 at 26 thousand metric tons. The period from 2018 to 2023 exhibited a stable trend, with volumes consistently at 19 thousand metric tons since 2019. This stability equates to a 0% year-on-year variation in 2023 and an average annual growth rate (CAGR) of 3.5% over the last five years.
Looking forward, the forecast indicates a modest increment, with a 5-year CAGR of 1.03%, leading to a volume of 20 thousand metric tons by 2028, a 5.26% growth from 2023. Future trends to watch for include:
⦁ Potential impacts of climate change on wheat yields.
⦁ Shifts in domestic and global market demand.
⦁ Advances in wheat processing technology.
⦁ Agricultural policy changes within the EU.
