The export of copper and articles thereof from Austria has shown a fluctuating trend over the past decade. From 2013 to 2016, there was a continuous decline. A notable recovery occurred in 2017 with a significant increase, followed by relatively stable growth until 2019. The year 2020 marked a decline, but the following years exhibited a positive trend, with 2023 exports standing at 1.6514 Billion US Dollars.
Trend Analysis:
- 2013: -22.62% YoY, -1.57% CAGR
- 2014: -8.44% YoY, 3.54% CAGR
- 2015: -15.15% YoY, -8.24% CAGR
- 2016: -4.78% YoY, -12.22% CAGR
- 2017: +31.99% YoY, -5.45% CAGR
- 2018: +9.32% YoY, 1.31% CAGR
- 2019: -2.35% YoY, 2.63% CAGR
- 2020: -15.53% YoY, 2.53% CAGR
- 2021: +22.53% YoY, 7.84% CAGR
- 2022: +1.64% YoY, 2.35% CAGR
- 2023: +1.58% YoY, 0.85% CAGR
- Forecast (2028): 1.23% 5-year CAGR, 6.31% 5-year growth rate
The forecasted data from 2024 to 2028 suggest a steady growth in exports, driven by increasing global demand and potential improvements in production efficiencies and technologies.
Future trends to watch for:
- Emerging markets and their copper demand
- Technological advancements in extraction and manufacturing processes
- Economic policies impacting international trade
- Global supply chain developments
