Key Market Indicators
Austrian aerospace exports are projected to hit $2.25 billion by 2028, up from $1.96 billion in 2023, marking an average annual growth rate of 2.2%. Since 1999, Austrian aerospace supply has grown at an average rate of 1.9% per year. In 2023, Austria ranked 15th globally, with Australia surpassing it at $1.96 billion. France, Germany, and Singapore occupied the second, third, and fourth positions, respectively. Conversely, Austrian aerospace imports are expected to decline to approximately $800 million by 2028 from $1 billion in 2023, reflecting an average annual decrease of 3.7%. Despite this, Austrian demand has surged by 4.1% per year since 1999. In 2023, Austria was the 18th largest aerospace importer, with Sweden ahead at $1 billion. Singapore, Ireland, and Canada ranked second, third, and fourth, respectively, in this category.
