Forecast: Production in Wholesale of Metals and Metal Ores Sector in Austria

In 2023, production in the wholesale of metals and metal ores sector in Austria stood at 693.1 million euros. Over the past decade, the sector experienced significant fluctuations with a peak in 2013 at 966.5 million euros and a steady decline to its current level. From 2013 to 2017, the sector saw mixed trends with periods of growth and decline. The sharpest declines occurred in 2018 and 2019, with reductions of 18.19% and 17.95% year-on-year respectively. Although there were minor recoveries in 2020 and 2021, the sector continued to decline marginally through to 2023. The average annual variation over the last five years (CAGR) was -1.9%.

Forecasts from 2024 to 2028 indicate a continued but more gradual decline in the sector, with an average annual decrease of -0.53%. By 2028, the production value is expected to reach 670.6 million euros, reflecting an overall 2.6% decrease from 2023 levels.

Looking forward, key trends to watch for include global demand fluctuations for metals and metal ores, technological advancements in metal production, and regulatory changes impacting the sector. Additionally, tracing the influence of economic factors such as inflation, exchange rates, and international trade policies will be crucial in anticipating future performance.