Analysis of Austria's metal exports indicates that in 2023, the volume stood at 15.71 Million Metric Tons. Over recent years, the sector has been volatile, notably with a sharp decline of 14.47% in 2020, attributed mainly to global economic disruptions. However, a strong rebound by 21.79% in 2021 followed. The metal export industry showed stability with minimal year-on-year variations of 1.05% in 2022 and 1.02% in 2023. A five-year average variation (CAGR) depicts an average annual increase of 0.47%.
Looking ahead, forecasts from 2024 to 2028 signal consistent growth. The projected volume is set to increase to 16.54 Million Metric Tons by 2028, averaging an annual growth rate (CAGR) of 0.81% over five years. This growth trajectory reflects steady demand and potentially improving economic conditions in the global metals market.
- Watch for fluctuations in global demand and pricing of metals, which can significantly impact export volumes.
- Monitor geopolitical developments and trade policies affecting international trade routes and tariffs.
- Consider environmental policies and technological advancements that could alter industry dynamics and influence exports.