In 2023, the sold production of unwrought aluminium alloys in Austria stood at €1.072 billion. The forecast shows a consistent upward trend from 2024 to 2028. Specifically, production values are expected to rise from €1.1016 billion in 2024 to €1.2232 billion in 2028.
The year-on-year growth rates are as follows:
- 2024: 2.76%
- 2025: 2.80%
- 2026: 2.69%
- 2027: 2.61%
- 2028: 2.51%
Over the forecasted five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is approximately 2.67%, reflecting a stable yet modest growth trajectory for the industry.
Future trends to watch for include potential impacts from technological advancements in aluminium production, evolving environmental regulations, and shifts in global demand and supply chains. Additionally, innovations in recycling processes could significantly affect market dynamics and production costs.
