The sold production of unwrought aluminium alloys in Austria saw variations from 2013 to 2023, with the value in 2023 standing at 566.12 million kilograms. From 2013 to 2023, this market experienced fluctuations, with significant increases in 2015 (12.03%) and 2021 (20.79%), alongside notable declines in 2019 (-7.89%) and 2020 (-14.08%). Over the last five years, the CAGR stabilized at 1.12%.
Forecast data from 2024 to 2028 indicates steady growth with an average annual growth rate of 2.17%, projecting a total growth rate of 11.33% over this period. The forecast suggests continued incremental growth in unwrought aluminium alloys production.
Future trends to watch for include:
- Technological advancements in aluminium alloy production.
- Shifts in global aluminium demand due to economic changes or policy regulations.
- Sustainability and environmental impact concerns influencing production practices.
- Competitive dynamics within the European Union affecting Austria's production levels.