In 2023, the production volumes of paper and paper products in Austria stood at 7.18 billion Euros. Over the past decade, the industry has displayed fluctuating growth trends. From 2013 to 2019, there was a generally upward trend with slight annual variations, peaking at a YoY increase of 3.88% in 2016. However, in 2020, the industry experienced a significant downturn with a 15.97% drop due to external disruptions. This was followed by a robust recovery in 2021 with a 21.93% increase, stabilizing to modest growth rates through 2022 and 2023 with YoY variations around 1.13%. The last five years saw an average annual growth rate (CAGR) of 1.1%.
Future forecasts indicate a steady growth trajectory, with production volumes expected to reach 7.60 billion Euros by 2028. The next five years are projected to yield a conservative CAGR of 0.89%, with an overall growth rate of 4.54% during this period.
Future trends to watch for include:
- Digitalization and eco-friendly production practices
- Shifts in consumer preferences towards sustainable packaging
- Global economic conditions and their impact on trade
- Innovations in production technologies
