Austria's transport services exports have exhibited variances in their year-on-year growth rates over the past decade, displaying a mix of modest gains and declines. In 2023, exports stood at 25.25 units, marking a 5.27% decrease from the previous year. Over the past two years, there was an average decline, reflecting negative growth in 2022 and 2023. The Compound Annual Growth Rate (CAGR) over the last five years is 1.97%.
Looking forward, the forecast indicates a gradual increase in transport services exports, projected to grow from 25.25 units in 2023 to 25.61 units in 2028, with a forecasted five-year CAGR of 0.22%.
Key future trends to watch for:
• Emerging market expansion and bilateral trade agreements.
• Technological advancements in transport and logistics.
• Global economic conditions impacting demand and supply chains.
• Regulatory changes within the EU and its trade partners.
