The Austrian aluminium market, expressed in million kilograms, saw significant fluctuations over the past decade. From 600.8 million kilograms in 2013, the market experienced periods of robust growth and sharp declines. A notable drop occurred in 2016 and again in 2020. However, the market rebounded in 2021 and continued to show resilience, reaching 930.72 million kilograms in 2023, up 6.5% year-on-year.
Year-on-year:
- 2013: -7.76%
- 2014: 15.95%
- 2015: 16.21%
- 2016: -2.69%
- 2017: 4.93%
- 2018: 6.3%
- 2019: 5.93%
- 2020: -16.67%
- 2021: 9.91%
- 2022: 2.5%
- 2023: 6.5%
The Compound Annual Growth Rate (CAGR) for the past five years remained modest at 1.16%. Looking forward, forecasted data from 2024-2028 suggests a steady but modest growth rate, with a 5-year CAGR of 2.07%, leading to an aggregate increase of 10.77% by 2028.
Future trends to watch for include potential impacts of new regulations on emissions and recycling, technological advancements in aluminium production, and shifts in demand across key sectors such as automotive and construction. The market's adaptability to economic factors and sustainability directives will be crucial in shaping its trajectory.
