The import value of aircraft, spacecraft, and parts thereof to Austria has seen significant fluctuations from 2013 to 2023. The highest import value was observed in 2013, followed by a sharp decline in 2014 and 2015. Despite a slight increase in 2017, the general trend has been downward from 2018 onwards. In 2023, the import value stood at approximately USD 0.57 billion, showing a year-on-year decline of 6.14%. Over the last two years (2022-2023), the average year-on-year change was a decrease of 3.55%. Over the last five years, the compound annual growth rate (CAGR) averaged a 1.43% decrease per year.
The import values are forecasted to continue declining, reaching approximately USD 0.37 billion by 2028. This represents a forecasted average annual decline (CAGR) of 6.66% over the next five years. This downward trend indicates a contraction in the market for imported aircraft and spacecraft and might be influenced by various market dynamics including technological advancements, local production capabilities, or changes in transportation needs. Future trends to watch include potential shifts in global trade policies, increased emphasis on sustainability, and advancements in aerospace technology, which could impact the import volumes and values significantly.
