Key Market Indicators
Austrian biofuel production is predicted to increase by 1.6% on a yearly basis over the next five years. In 2021, it is estimated that 8.54 thousand barrels of oil equivalent per day will be produced, compared to 7.77 thousand barrels of oil equivalent in 2021. Since 1995, production has grown by a minuscule 0.1% annually. Meanwhile, demand for biofuel in Austria is expected to remain generally flat over the next five years, increasing by 0.4% per year on average. This year, it is estimated that 8.74 thousand barrels of oil equivalent will be consumed, compared to 8.05 thousand barrels of oil equivalent in 2021. Since 1995, demand has decreased by a yearly average of 4.7%.
Austria Biofuel Market Data and Forecasts
How much will Austria Biofuel Market grow to 2026?
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