From 2013 to 2023, the output of agricultural products and livestock in Austria demonstrated moderate fluctuations but ultimately exhibited an overall upward trend. In 2013, the sector was valued at €7.13 billion, experiencing a downward adjustment till 2015 but gradually recovering from 2016 onwards. By 2023, the output reached €7.66 billion, showing a stable year-on-year growth pattern, especially notable in the period post-2017. The output for 2023 stood at €7.66 billion.
Year-on-year variations highlight the significant volatility in the earlier years, especially around 2015 and 2016, followed by more steady increases. Key percentages over the past two years showed slight increases, with 2023 witnessing a 0.78% growth compared to the previous year.
The Compound Annual Growth Rate (CAGR) over the past five years settled at 0.65%, indicating a consistent, albeit slow, increase in output.
Looking ahead, the forecast suggests a continuation of this steady growth trend, with the sector's value expected to reach €7.95 billion by 2028. Expect a moderate CAGR of 0.59%, reflecting a stable market with a forecasted growth rate of 2.96% over the next five years.
Future trends to watch include advancements in agricultural technology, changing dietary preferences favoring livestock products, and potential impacts from environmental policies aimed at sustainability. These factors will shape the trajectory of Austria's agricultural sector in the coming years.
