The production of unwrought aluminium in Austria showed a fluctuating trend between 2013 and 2023, characterized by periods of growth and decline. The highest production volume was recorded in 2015, followed by a significant drop in 2016. A recovery phase began in 2017, but this was interrupted by consistent declines until an uptick was seen again in 2021. By 2023, production reached approximately 541 million kilograms, indicating a modest year-on-year increase of 4.13%. Over the past five years, the compound annual growth rate (CAGR) had been marginally negative, standing at -0.24%.
Looking ahead, the forecasted data from 2024 to 2028 suggests a steady yet slow increase in production volumes. The CAGR for this period is expected to be around 0.81%, indicating a stabilization and slight upward trend in production. Trends to watch include advancements in aluminium manufacturing technology, potential shifts in global aluminium demand, and environmental regulations impacting production processes. Additionally, monitoring economic conditions will be crucial as they directly influence industrial production rates.
