The domestic extraction of non-metallic minerals in Austria has shown moderate fluctuations over the past decade. In 2022, the extraction volume was 88.67 million metric tons, marking a 2.9% increase from 2021 (87.16 million metric tons), and a decline to 88.47 million metric tons (0.23% year-on-year decrease) in 2023. The compound annual growth rate (CAGR) over the past five years (2018-2023) was around 1.23%. Looking forward, the forecast from 2023 to 2028 shows a gradual increase, with a forecasted CAGR of 0.1%, leading up to 89.05 million metric tons in 2028.
Key trends to monitor moving forward include potential impacts of sustainability initiatives, shifts in construction and manufacturing demands, and economic policies favoring renewable materials. Technological advancements in extraction processes may also influence future volumes. It's crucial to keep an eye on global market trends and regulatory changes that could affect extraction rates.
