Between 2013 and 2023, the import value of granite, porphyry, basalt, and sandstone to Austria has shown significant fluctuations. The highest value of imports was recorded in 2014 at approximately USD 4.02 million, whereas the lowest was noted in 2023 at USD 2.46 million. The average compound annual growth rate (CAGR) over this period indicated a declining trend, reflecting an average annual decrease of -8.23% up to 2023.
Year-on-year variations have been quite volatile, including notable declines such as a -27.5% drop in 2016 and a -22.18% fall in 2020. Despite some periods of growth, like the 22.94% increase in 2018, the general trend remains downward.
Looking forward from 2024 to 2028, the import value is expected to continue decreasing, with the forecasted CAGR over these five years at -8.27%, leading to an estimated value of USD 1.45 million by 2028.
Future trends to watch for include changes in construction industry demand, shifts in trade policies, and emerging sustainable practices that may affect the import of such materials. Monitoring technological advancements in building materials could also provide insight into the future market dynamics of these imports.
