The import of iron or steel tableware and kitchenware to Austria has shown fluctuating trends over the past years with some periods of growth and decline. In 2023, the import value stood at 143.87 million US dollars. There was a significant dip in 2020 followed by a strong recovery in 2021, and recent years have stabilized. The year-on-year variation over the last two years indicates slight growth at 1.41% in 2023, while the CAGR over the last five years stands at 1.66%. The forecast for the next five years predicts a steady growth with a 5-year CAGR of 1.11%, leading to a total projected increase of 5.67% by 2028.
Future trends to watch for include possible impacts of global trade policies, market demand changes due to consumer preferences towards sustainable materials, and economic fluctuations due to geopolitical events. Additionally, technological advancements in the manufacturing process may affect cost dynamics and import values.