The yield of oil crops in Austria has displayed fluctuations from 2013 to 2023, peaking in certain years such as 2014 and experiencing significant dips like in 2015. As of 2023, the yield stands at 26.38 thousand hectograms per hectare. Over the years, the yield has managed a modest average annual increase. Between 2022 and 2023, the yield saw a slight rise of 0.66%, and the average variation over the last five years is 1.49% per year. Looking ahead to 2028, the forecasted CAGR is 0.53%, predicting a 2.69% growth rate over the five years from 2023.
Future trends to watch for include:
- The impact of climate change and severe weather patterns on crop yields.
- Advances in agricultural technology and sustainable farming practices.
- Changes in agricultural policy and subsidies from the European Union.
- Market demand shifts and their influence on farming priorities and practices.