The production value of Precious Metals and Non-Ferrous Metals Manufacturing in Austria has shown fluctuating trends over the past decade. The value stood at €5.22 billion in 2023, following a steady rise from €4.12 billion in 2013. The year-on-year variation has been quite volatile, with peaks and troughs marked by significant changes like the 11.33% increase in 2015 and a notable decline of 10.76% in 2019. Over the last two years, the industry has exhibited moderate growth rates of 1.70% in 2022 and 1.65% in 2023. The CAGR over the last five years leading up to 2023 was relatively modest at 0.51%.
Looking forward, the forecasted data reveals an optimistic trend, projecting the production value to rise to €5.63 billion by 2028, representing a 5-year CAGR of 1.19%. This suggests a steady, albeit modest, growth trajectory for the industry.
Future trends to watch for include advancements in recycling technologies, increased demand for sustainable and eco-friendly materials, potential regulatory changes in environmental policies, and the impact of global economic conditions on commodity prices.