Forecast: Concrete, Cement and Plaster Articles Production Value in Austria

Between 2013 and 2023, the production value of Concrete, Cement, and Plaster Articles in Austria grew from €2.5 billion to €3.05 billion. The past decade has seen a mix of slow growth and notable upswings. The annual year-on-year (YoY) variation percentages reveal modest changes. Significant growth years were 2018 with a 7.01% increase and 2017 at 3.96%. However, the market faced a slight dip in 2020 at -1.65% YoY. By 2023, the YoY growth was 1.09%, with a cumulative average growth rate (CAGR) of 1.13% over the last five years.

Future trends to watch for include:

• Steady yet modest growth with a forecasted 5-year CAGR of 0.81%.
• A predicted increase in production value to €3.21 billion by 2028.
• Overall growth rate of 4.13% over the forecasted period, indicating a stable market environment.