Casting of Steel Market Size Volume in Austria

Over the past decade, the volume of the casting of steel market in Austria has experienced fluctuations, with a notable peak in 2016, followed by a general decline. The market size in 2012 was 14.543 million kilograms, which saw a decrease and then a recovery in subsequent years, reaching a high of 15.563 million kilograms in 2016. However, the market has been on a downward trend from 2017 to 2022, closing at 13.848 million kilograms. In 2023, the market size stood at an estimated 13.744 million kilograms, indicating a continued declining trend.

Key trends over the past years:

• Year-on-year changes show considerable fluctuations, with the largest increase of 15.17% in 2016 and the largest decline of 5.99% in 2017.
• The market has seen an overall average decline (CAGR) of around -1.09% over the past five years, suggesting a gradual contraction.

Future trends to watch for might include advancements in recycling technologies and changes in demand from key industries such as automotive and construction, potentially affecting market dynamics. Monitoring global steel price trends and environmental regulations in Austria will be crucial for anticipating future market movements.