The mining and quarrying output in Austria has shown a consistent, flat pattern over the past decade, hovering mostly around 0.3 and 0.4 units. Notable year-on-year variations include a 33.33% increase in 2017 and 2022, and a 25% decline in 2015, 2018, and following the slight recovery years. As of 2023, the output stood at 0.3 units, reflecting a 25% decrease from 2022. The Compound Annual Growth Rate (CAGR) over the last five years has also indicated no substantial growth, showing a stagnant trend in the industry.
Looking forward, the forecasted data from 2024 to 2028 displays no expected growth, suggesting output will remain stable at 0.3 units over the next five years, with a forecasted CAGR of 0%.
Future trends to watch for include potential impact from technological advancements in mining techniques, regulatory changes, shifts in commodity prices, and environmental policies which could influence output levels either positively or negatively.