From 2013 to 2023, the volume of phenolic resin imports to Austria showed variability. A significant decline was seen between 2013 and 2015, before a recovery phase between 2016 and 2018. Further fluctuations were observed through 2023, with 2020 marking a notable dip due to a year-on-year decrease of over 17%. By 2023, the volume stood at approximately 6.38 million kilograms. From 2018 to 2023, the compound annual growth rate (CAGR) was negative at -0.71%, indicating stagnation in growth. Year-on-year variations over the last two years were moderately stable, with a slight decline in 2023.
Forecasts from 2024 to 2028 suggest a marginal decline with a CAGR of -0.13%. Future trends to watch include potential market shifts due to technological advancements, changes in demand for phenolic resins in various industries, and the impact of economic policies on import patterns.
- Phenolic resin import volume: 6.38 million kg in 2023
- Significant dips observed particularly in 2020
- Forecast suggests a slight decline in volume till 2028
- Future influences: technological advancements, industry demand, economic policies
