Key Market Indicators
Austrian energy consumption is projected to reach approximately 1.41 exajoules by 2028, up from 1.4 exajoules in 2023. This represents a modest annual growth rate of 0.1%. Historically, Austrian energy demand has been on a downward trend, decreasing by 1% annually since 1970. In 2023, Austria ranked 49th globally in energy consumption, with Oman slightly ahead at 1.4 exajoules. The United States, India, and Russia took the second, third, and fourth spots, respectively. On the supply side, Austria's energy provision is expected to grow to 32.75 million tonnes of oil equivalent by 2028, compared to 32.19 million tonnes in 2023. This translates to an annual growth rate of 0.3%. Since 1965, Austria has seen a 0.4% annual decrease in its energy supply. In 2023, Austria ranked 12th in the world, with Kuwait marginally ahead at 32.19 million tonnes of oil equivalent. France, Saudi Arabia, and the United Kingdom held the second, third, and fourth positions in this category.
