The turnover in the glass and glass products industry in Austria has shown significant fluctuations over the past decade. Starting from a high of 52.5 million Euros in 2013, the turnover peaked in 2018 at 61.5 million Euros. The period between 2013 and 2023 exhibits a generally declining trend, with the turnover standing at 42.8 million Euros in 2023. Year-on-year variations display substantial volatility, notably a 28.66% increase in 2018 following steep declines in preceding years.
The analysis of recent years indicates a modest recovery with 15.34% growth in 2021 and slight increases in 2022 and 2023. However, the Compound Annual Growth Rate (CAGR) over the last 5 years remains negative at -2.16%, reflecting an overall downward trend. Forecasted data suggests a continuous decline, with the turnover projected to decrease to 37.2 million Euros by 2028, marking a 10.36% drop over the next five years.
Future trends to watch for include advancements in sustainable glass production, potential impacts of regulatory changes, and shifts in market demands influenced by economic conditions and technological innovations in the glass industry.
