Between 2013 and 2023, the production value of glass and glass products in Austria fluctuated significantly. Starting at €44.5 million in 2013, the value peaked at €53.5 million in 2014 before undergoing several fluctuations. It reached its lowest point in 2020 at €28.3 million, a significant decline driven by various external factors. By 2023, the production value was at €35.2 million. The year-on-year variation in 2023 showed a slight decline of 1.4%, whereas the 5-year Compound Annual Growth Rate (CAGR) stood at -7.93%, indicating an overall annual decrease over the recent five-year period.
Looking forward, the forecasted data from 2024 to 2028 shows a continuing decline. The CAGR for this period is projected to be -5.05%, with a total decrease of 22.82% by 2028, reaching €25.7 million. This trend indicates a persistent downward trajectory in the production value.
Future trends to watch for include potential market consolidation, technological innovations in glass production, and shifts in demand due to economic conditions and environmental regulations. Monitoring these trends will be crucial for stakeholders in the glass industry to adapt and strategize effectively.
