The import of parts for railway and tramway locomotives and rolling stock to Austria experienced varied trends between 2013 and 2023. From a peak in 2013 with a significant year-on-year growth of 23.69%, the imports displayed volatility, with notable annual decreases in 2014 and 2015. A recovery phase followed, marked by strong growth in 2017, which saw a 37.97% year-on-year increase. However, inconsistencies continued with drops in 2018 and 2020 but saw stability towards 2021 and a modest increase in 2022 and 2023, where it stood at USD 639.72 million.
Over the past five years, the compound annual growth rate (CAGR) averaged 2.96%. For the coming years, the import value is projected to rise steadily, with forecasts indicating a growth rate of 4.64% by 2028 and a more tempered forecasted CAGR of 0.91% over the next five years.
Future trends to watch for include:
- The impact of technological advancements in railway systems which may alter part import needs.
- Pacing economic recovery and infrastructure investment in Europe.
- Changes in regulatory policies affecting cross-border trade in railway parts.
