Based on the provided data, the year-on-year variations for the forecasted imports of jute to Austria are as follows:
- 2024-2025: (847.02 - 829.78) / 829.78 * 100 ≈ 2.08%
- 2025-2026: (863.92 - 847.02) / 847.02 * 100 ≈ 1.99%
- 2026-2027: (880.49 - 863.92) / 863.92 * 100 ≈ 1.91%
- 2027-2028: (896.72 - 880.49) / 880.49 * 100 ≈ 1.84%
The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is calculated as follows:
CAGR = [(896.72 / 829.78)^(1/4) - 1] * 100 ≈ 1.97%
Future Trends to Watch: The import of jute to Austria shows a consistent upward trend with a modest growth rate. Factors that could influence future trends include global jute production levels, international trade policies, environmental sustainability trends favoring natural fibers, and shifts in demand within Austrian manufacturing sectors that utilize jute.
