Forecast: Import of Iron, Steel and Ferro-Alloys to Austria

The forecast for Austria's import of iron, steel, and ferro-alloys indicates a consistent growth trend from 2024 to 2028. In 2023, the value of imports was below the forecasted 2024 number, showing an incremental rise each year. From 2024 to 2025, the annual increase is approximately 4.5%. This rate slightly tapers off in the subsequent years, with 2026 seeing a 4.3% rise from 2025, 2027 recording a 4.0% increase from 2026, and 2028 experiencing a 3.8% increment from 2027. Over the five-year period, the Compound Annual Growth Rate (CAGR) is expected to be around 4.2%.

Future trends to watch for include:

  • Global economic conditions impacting industrial demand for iron, steel, and ferro-alloys.
  • Trade policies and tariffs that could influence import volumes.
  • Technological advancements in steel manufacturing reducing or shifting import reliance.

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