The import of Polyethylene Terephthalate (PET) to Austria has seen fluctuations over the past decade, with value in 2023 standing at 164.93 million kilograms. Notable year-on-year variations include significant drops in 2015 and 2020 by -6.56% and -14.59%, respectively, but also strong rebounds in 2017 and 2021 with 16.67% and 17.62% increases. The compound annual growth rate (CAGR) metric reveals a longer-term average variation, with the last five years averaging a 2.20% increase.
Looking ahead, a steady growth trend is forecasted with a projected CAGR of 1.92% for the next five years, leading to an overall growth rate of 9.96% by 2028. This suggests a moderate but consistent increase in PET imports to Austria.
Future trends to watch for include:
- Global supply chain disruptions that could affect import values.
- Shifts in domestic demand driven by sustainability and recycling initiatives.
- Changes in raw material prices impacting import costs.
- Regulatory changes within the EU that might influence trade policies.
