In 2023, Austria's import of iron and steel stood at 5.4463 billion USD, showing a moderate year-on-year increase of 2.05% and reflecting a 1.2% average annual growth rate over the last 5 years. The historical data highlights significant fluctuations, such as a notable decline of 17.06% in 2015, a strong recovery with a 25.46% increase in 2017, and a 23.17% growth in 2021. The forecast indicates a steady upward trend with the compound annual growth rate projected to be 1.57% over the next 5 years, reaching an estimated 6.0184 billion USD by 2028. This translates to an approximate overall growth of 8.12% from 2023 to 2028.

Future trends to watch for:

Potential impacts of global economic shifts and trade policies on import levels.
Technological advances in steel production and their effects on import demand.
Changes in domestic production capacities and consumption patterns of iron and steel.
Environmental regulations impacting the industry and supply chain dynamics.