The import of Electronic Integrated Circuits and Microassemblies to Austria has shown significant variation from 2013 to 2023. The value stood at 1205.6 million US dollars in 2023. Observing the year-on-year variation, there was a moderate increase of 1.96% over the last two years and an average annual growth rate (CAGR) of 1.03% over the last five years.
From 2013 to 2023, the import trend has experienced fluctuations with notable year-on-year changes, such as a decline of 16.86% in 2015 followed by a recovery in subsequent years. Significant growths were observed in 2018 and 2021, with increases of 19.09% and 23.04%, respectively. However, there were also years with negative growth, particularly in 2015 and 2020.
Looking into the future, the forecasted data indicates a steady growth trend with a forecast five-year CAGR of 1.51% and an overall growth rate of 7.76% up to 2028. This suggests a stabilized market with gradual increases in imports.
Future trends to watch for include technological advancements, global supply chain dynamics, and economic conditions that could impact the demand and supply of electronic integrated circuits and microassemblies in Austria. Keeping an eye on emerging markets and innovations in this sector will be crucial.
