The final consumption of hard coal in Austria for 2024 is forecasted to be 138.7 thousand metric tons. This reflects a decreasing trend over subsequent years with forecasted values of 131.91 thousand metric tons in 2025, 125.16 thousand metric tons in 2026, 118.45 thousand metric tons in 2027, and 111.76 thousand metric tons in 2028. From a year-on-year perspective, the consumption is expected to decline approximately 4.89% from 2024 to 2025, 5.11% from 2025 to 2026, 5.36% from 2026 to 2027, and 5.65% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over this period is projected to be around -5.01%, indicating a consistent reduction in the consumption of hard coal.
Future Trends to Watch For:
Factors such as increasing environmental regulations, the transition towards renewable energy sources, and advancements in energy efficiency technologies will likely continue to suppress the demand for hard coal. Monitoring the policies on carbon emissions and the development of alternative energy sources will be critical to understanding future consumption patterns. Additionally, any shifts in Austria's industrial activities and energy sourcing strategies could significantly impact future trends in hard coal consumption.