The export of plastics and articles thereof from Austria has experienced fluctuating trends over the past decade. In 2023, actual exports stood at 8.0542 billion USD, showing a steady increase from previous years. From 2018 to 2023, there was a mixed pattern of growth and decline. Recent years saw a healthy recovery with a year-on-year increase of 1.72% from 2022 to 2023. The five-year CAGR before 2023 was calculated at 1.37%, indicating moderate growth over a medium-term period.
Future trends to watch for include:
- Continued growth with an expected CAGR of 1.35% from 2024 to 2028, resulting in a forecasted value of 8.7419 billion USD by 2028.
- Potential impacts of global economic conditions and raw material costs on export volumes and values.
- Technological advancements and innovations within the plastics industry that could influence Austria's competitive edge in exports.
- Sustainability trends and regulations that may drive changes in product composition and market demand.