In 2023, the final consumption of pure biodiesels in Austria stood at 83.5 thousand metric tons. Based on the forecasted data, consumption is expected to see a steady increase each year. Specifically, from 2024 to 2025, a growth of 2.4% is anticipated, followed by a 2.32% rise from 2025 to 2026. In the subsequent years, the consumption is forecasted to grow by 2.25% from 2026 to 2027 and 2.18% from 2027 to 2028.
The Compound Annual Growth Rate (CAGR) over the five-year forecast period from 2024 to 2028 stands at around 2.31%, indicating a consistent increase in the consumption of pure biodiesels.
Future trends to watch for include potential shifts in government policies towards renewable energy sources, technological advancements in biodiesel production, and fluctuations in crude oil prices which may impact the adoption rate of biodiesels as an alternative energy source.