The value of pulp, paper, and paperboard production in Austria exhibited a mix of steady growth and occasional declines from 2013 to 2023. Notable increases were observed in 2018 and 2019, with growth rates of 23.61% and 3.17% respectively. However, 2020 experienced a significant dip of 10.65%. Recovery followed with moderate year-on-year growth of 6.42% in 2021, 5.17% in 2022, and 3.89% in 2023, placing the 2023 production value at 4.68 billion euros. The last 5-year CAGR up to 2023 is 1.4%.
Forecasts from 2024 to 2028 show a slight increase in growth with an annual CAGR of 1.2%, translating to a total forecasted growth rate of 6.12% over this period. By 2028, the production value is expected to reach 5.05 billion euros.
Future trends to watch for:
- Impact of technological advancements in production processes
- Changes in global demand for paper products
- Sustainability initiatives and their effect on production costs and practices
- Potential volatility in raw material prices
- Regulatory developments affecting the paper industry
