Austria's sold production of unwrought aluminium has shown significant variability over the past decade. Between 2013 and 2023, production increased from 407.43 million kilograms to 560.49 million kilograms. The initial period saw steady growth with notable increases, peaking at 535.44 million kilograms in 2018. However, the production faced a setback in 2019 and 2020 but recovered robustly post-2021, culminating in a 9.39% year-on-year growth in 2023, with the total volume standing at 560.49 million kilograms.
Looking forward, the forecast from 2024 through 2028 suggests a consistent upward trend with an anticipated Compound Annual Growth Rate (CAGR) of 4%. This indicates a projected growth rate of 21.66% over the next five years, suggesting a positive outlook for the industry.
Key future trends to watch:
- Global economic conditions impacting demand and supply chains.
- Sustainability and environmental regulations influencing production methods.
- Technological advancements in production processes.
- Fluctuations in raw material prices and energy costs.
