The import of polymers of ethylene to Austria exhibited fluctuating growth over the period from 2013 to 2023, reaching 54.938 million kilograms in 2023. This period saw significant year-on-year variations, with notable increases in certain years such as 2016 and 2017, and notable declines in others such as 2018 and 2020. The average annual growth rate (CAGR) over the last five years leading up to 2023 stood at 3.23%.
Looking ahead, forecasted data suggest a continued growth trend, with a projected volume of 61.933 million kilograms by 2028. The forecasted CAGR over the next five years is approximately 1.94%, indicating steady but moderate growth.
Future trends to watch for include:
- Potential impacts of regulatory changes in Europe that might affect chemical imports.
- Developments in sustainable and bio-based polymers that could shift demand patterns.
- Market dynamics in the global petroleum industry, which serves as a raw material source for ethylene polymers.
Monitoring these factors will be important for anticipating changes in the import patterns of ethylene polymers to Austria.
