The fuel oil final consumption in the machinery sector in Austria has seen significant fluctuations from 2013 to 2023, dropping sharply from 175.2 Gigawatthours (GWh) in 2013 to 68.3 GWh in 2023. The period experienced both steep declines and occasional increases, with notable annual decreases in 2014 (-18.85%) and 2018 (-50.36%), and significant rebounds in 2022 (74.78%) and 2019 (31.62%). The Compound Annual Growth Rate (CAGR) for recent years underscores these volatile trends, swinging from as low as -24.48% in 2020 to a positive 5.67% by 2023. Forecasts predict a stabilization around 68.4 GWh from 2024 to 2028, reflecting a near-zero CAGR of 0.02% and a minimal growth rate of 0.11%.
Future trends to watch for include the potential impact of stricter environmental regulations, technological advancements in energy efficiency, and alternative fuel sources, which could further influence fuel oil consumption patterns in the machinery sector in Austria.