Forecast: Export of Plastics and Articles Thereof from Austria

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.

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