The Transport Equipment Sector's consumption of primary solid biofuels in Austria has demonstrated significant volatility in recent years. From 2013 to 2020, the sector experienced substantial fluctuations, with a notable increase of 64.14% in 2020. The growth continued, reaching a high of 94.59 Terajoules by 2021. Growth slowed but remained positive, with 2023 recording a value of 99.21 Terajoules. Over the past two years, the consumption increased by an average of 2.42% per year.
Looking forward to the forecast period from 2024 to 2028, the consumption is expected to increase steadily. The projected average annual growth rate (CAGR) is 1.97%, indicating a more stable upward trend. By 2028, the Transport Equipment Sector's consumption of primary solid biofuels is expected to reach 112.33 Terajoules, reflecting an overall growth of 10.27% from 2023.
Future trends to watch for include technological advancements in biofuel efficiency, policy changes promoting sustainable energy sources, and fluctuations in the transportation sector's energy needs. Monitoring these factors will be crucial in predicting future consumption patterns and ensuring alignment with environmental goals.