The export volume of acrylic polymers from Austria has seen fluctuations over the past decade. From 2013 to 2023, the export volume increased from 16.14 million kilograms to 24.478 million kilograms, denoting an overall upward trend despite periodic declines. A noteworthy spike occurred in 2021 with a 23.26% increase, followed by more modest growth in 2022 (2.21%) and 2023 (2.12%). The 5-year Compound Annual Growth Rate (CAGR) stood at 3.09% for the period leading up to 2023.
Looking forward, the forecast predicts a steady increase in export volumes, with a projected growth rate of 8.36% over the next five years and a corresponding CAGR of 1.62%. By 2028, exports are expected to reach 27.129 million kilograms.
Future trends to watch for:
- Global demand shifts, which could be influenced by economic factors or changes in industry applications.
- Technological advancements in polymer production, potentially enhancing the quality and reducing costs.
- Environmental regulations and sustainability trends impacting both production processes and market preferences.
- Trade policies and international relations that could affect export dynamics.