The precious metals and non-ferrous metals manufacturing revenue in Austria has been on a fluctuating trend from 2013 to 2023. As of 2023, the turnover stood at €5.96 billion, marking a 2.19% increase from the previous year. The past five years from 2019 to 2023 show an average yearly growth (CAGR) of approximately 0.96%, indicating moderate but consistent growth.
Looking forward from 2024 to 2028, the sector is expected to grow at an average annual rate of 1.57%, summing up to a total growth of 8.09% by 2028. This indicates a steady yet moderate increase in turnover, suggesting stable demand and possibly improvements in operational efficiencies and market conditions.
- Trends to watch for:
- Continued technological advancements in non-ferrous metal processing could drive efficiency and profitability.
- Global economic conditions and commodity prices will significantly impact the industry.
- Environmental regulations and sustainability trends may influence production processes and operational costs.