The copper plates, sheets, and strip market in Austria has shown significant fluctuations over the past decade. The market value declined substantially from 2013 to 2015, followed by a period of recovery and moderate growth until 2019. However, the market observed a downward trend starting in 2020, with consecutive year-on-year declines leading to a market value of 77.786 million Euros in 2023.
The forecast from 2024 onwards indicates a continued decline, reaching an estimated market value of 58.822 million Euros by 2028. This represents an average annual decline (CAGR) of -4.47% over the next five years, resulting in an overall decrease of 20.42%.
Future trends to watch for:
• Potential impact of global economic conditions on copper demand and prices• Technological advancements in copper recycling and alternative materials• Regulatory changes affecting the copper industry• Shifts in industrial sectors that heavily consume copper plates, sheets, and strips
