The copper plates, sheets, and strip market in Austria showed a declining trend over the past decade. In 2023, the market volume stood at 6.0729 million kilograms, reflecting a -6.27% decrease year-on-year from 2022. Historically, the market peaked in 2013 at 10.942 million kilograms, undergoing a consistent downward trend with a few slight recoveries in 2016 and 2017.
The average annual decline rate (CAGR) from 2018 to 2023 was approximately -5.04%. Further, variations over the last two years indicated sharp drops of -13.38% and -6.27%, reflecting persistent weakening market conditions.
Looking forward, forecasts predict continued decline, with a projected 5-year CAGR of -6.27%, potentially leading to an estimated market size of 4.1034 million kilograms by 2028. Future trends to watch include innovations in copper recycling processes, shifts in industrial demand, and developments in alternative materials and technologies that could impact market dynamics.
