The primary solid biofuels production in Austria showed a fluctuating yet generally upward trend from 2013 to 2023. Starting at 55.09 thousand gigawatt hours in 2013, there were notable dips in 2014 and 2018, but the overall trajectory remained positive. By 2023, production stood at 60.48 thousand gigawatt hours. Year-on-year variations displayed sporadic increases and decreases, with 2021 marking a significant rise of 7.28%, a stark contrast to the slight decline of 0.18% in 2022. The compound annual growth rate (CAGR) over the last five years leading up to 2023 was robust at 2.42%, indicating steady growth.
Future trends to watch for include:
• Predicted continuous growth, albeit at a moderated pace, with a forecasted five-year CAGR of 0.91% from 2024 to 2028.
• Potential influences of technological advancements and policy changes on production efficiency and capacity.
• Environmental and economic factors driving increased investment in renewable energy sources.