The production value of paper and paperboard articles in Austria has been on a steady upward trend from 2013 to 2023, increasing from €2.26 billion in 2013 to €2.82 billion in 2023. The period from 2013-2017 saw moderate fluctuations, with the highest year-on-year growth in 2014 at 4.47% and the lowest in 2016 at -0.28%. From 2018 onwards, the growth became more consistent, characterized by a significant 5.19% rise in 2018 and stable increments thereafter, reaching 1.76% by 2023. The compound annual growth rate (CAGR) over the last 5 years stands at 1.59%.
Looking ahead, the forecasted data from 2024 to 2028 indicates continued growth, with the production value projected to reach €3.06 billion by 2028. The expected 5-year CAGR is 1.28%, translating to a cumulative growth rate of 6.59% over this period. These projections suggest sustained, albeit modest, growth in the industry.
Future trends to watch for include advancements in sustainable and eco-friendly paper production, the impact of digital transformation on demand, and fluctuations in global supply chains that could affect raw material availability and costs.
