The import volume of central heating boilers into Austria has shown significant fluctuation in the past decade. The volume stood at 9.5857 million kilograms in 2023, reflecting a slight decline from the previous year at -2.32%. Over the years, there has been a noticeable downward trend, particularly from 2017 onwards, marked by substantial drops in 2017 and 2018. The most recent five-year CAGR indicates a marginal average annual decline of -0.91%.
Looking ahead, the forecast suggests a continued decline in import volumes, culminating in an expected volume of 8.3652 million kilograms by 2028. The forecasted CAGR for the next five years stands at -2.1%, indicating a continual reduction at an average annual rate. This anticipated decline corresponds with an overall reduction in import volume by -10.05% over the next five years.
Future trends to watch for include:
- Changes in Austrian and EU energy policies promoting or mandating renewable energy sources.
- Technological advancements in more efficient and compact heating solutions reducing demand for traditional boilers.
- Economic factors influencing the construction sector as a major consumer of heating solutions.
- Potential increases in domestic production of heating boilers as a response to supply chain disruptions.
