The iron export volumes from Austria exhibited variability over the past decade with significant year-on-year variations. Notable declines were seen in 2018, 2019, and 2020, with substantial recovery only starting in 2021. In 2023, exports were recorded at 8.55 million metric tons, marking a slight improvement of 1.24% over 2022. Overall, the 5-year CAGR leading up to 2023 indicates a marginal decline of -0.067% per year.
Forecasts suggest steady growth from 2024 onward, with a projected 5-year CAGR of 0.91%, anticipating volumes to reach 9.06 million metric tons by 2028. This represents a cumulative growth of 4.66% over this period.
Future trends to watch for: - Global economic conditions influencing demand- Technological advancements in mining and production- Trade policies and tariff changes- Environmental regulations impacting industry practices- Innovations in steel production and usage prompting changes in iron exports
