The production of hydrogen in Austria showed fluctuations from 2016 to 2023. Starting from 0 unit cubic meters in 2013-2015, it surged to over 60.59 million in 2016. Variations appeared over the years: a significant drop of 12.58% in 2017, a 5.55% increase in 2018, and an 8.13% rise in 2019. The year 2020 witnessed a 6.67% decline, followed by a minimal drop of 0.067% in 2021. Production in 2022 fell by 6.34%, while 2023 saw a slight rise of 0.86%, leading to a current standing of approximately 53.26 million cubic meters.
Key points to note:
• Production dipped in 2017, 2020, 2021, and 2022.
• The overall trend shows a stabilization with slight growth by 2023.
• Average annual variation (CAGR) for the past 5 years from 2019 to 2023 was -0.96%.
Future trends to watch for include steady recovery with a forecasted 0.01% CAGR by 2028, suggesting minimal but stable growth potential in hydrogen production in Austria.
