The glass and glass products industry in Austria is expected to see a decline in turnover from 2024 to 2028. Forecasted values start at 220.4 million euros in 2024 and decrease annually, reaching 153.1 million euros by 2028. This represents a compound annual growth rate (CAGR) of approximately -8.9% over these five years. The turnover in 2023 stood at a higher baseline compared to the forecasted figures for subsequent years.
Year-on-year variations indicate a steady decrease:
- 2024 to 2025: -7.73%
- 2025 to 2026: -8.30%
- 2026 to 2027: -8.99%
- 2027 to 2028: -9.86%
Future trends to watch for include potential impacts of technological advancements, changes in consumer preferences towards sustainable and eco-friendly products, and economic factors that could further influence market dynamics. Monitoring regulatory policies and their impact on manufacturing and operational costs will also be crucial.
