Key Market Indicators
Austrian energy consumption is projected to reach approximately 1.41 exajoules by 2028, up from around 1.4 exajoules in 2023. This marks a modest annual growth rate of 0.1%. Historically, since 1970, Austria's energy demand has decreased by 1% each year. In the global ranking for 2023, Austria held the 49th position, with Oman surpassing it with a consumption of about 1.4 exajoules. Leading the list were the United States, India, and Russia, securing the second, third, and fourth positions respectively. On the supply side, Austria's energy provision is set to rise to roughly 32.75 million tonnes of oil equivalent by 2028, from an estimated 32.19 million tonnes in 2023. This represents an average annual growth of 0.3%. Since 1965, Austria's energy supply has seen a yearly decline of 0.4%. In 2023, Austria was ranked 12th in energy supply, with Kuwait surpassing it at approximately 32.19 million tonnes of oil equivalent. France, Saudi Arabia, and the United Kingdom were ranked second, third, and fourth in this category respectively.
