Forecast: Import of Machinery for Mining, Quarrying and Construction to Austria

The imports of machinery for mining, quarrying, and construction to Austria have seen significant fluctuations since 2013. There were notable declines in 2014 (-9.65%) and 2016 (-21.13%) followed by periods of growth, as seen in 2018 (16.52%) and 2019 (17.56%). However, there were also downs in years like 2020 (-18.66%) and 2022 (-10.9%). As of 2023, the import stood at 39.74 thousand items, showing a modest growth of 3.21% from the previous year. The Compound Annual Growth Rate (CAGR) over the past five years leading up to 2023 is 3.01%.

Forecasts indicate a slightly declining trend, with the import values expected to decrease gradually to 38.5 thousand items by 2028. The forecasted five-year CAGR is -0.5%, indicating relatively stable but slowly declining imports.

Future trends to watch for:

  • Technological advancements in machinery leading to potential changes in import patterns.
  • Impacts of environmental regulations on machinery requirements and imports.
  • Market dynamics in the mining, quarrying, and construction sectors influencing demand.

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