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.