Forecast: Primary Solid Biofuels Imports to Austria

The primary solid biofuels imports to Austria have shown a general downward trend from 2013 to 2024, with values decreasing from 5.62 thousand gigawatt-hours in 2013 to 3.01 thousand gigawatt-hours in 2023. The year-on-year variations highlight significant drops, particularly from 2016 to 2020. However, there were minor upticks in 2018 and 2022. The most recent CAGR for the past five years indicates an average annual decrease of 6.3%. The forecast from 2024 to 2028 shows a continued decline, with a forecasted five-year CAGR of -8.59%, resulting in a drop to 1.75 thousand gigawatt-hours by 2028.

Future trends to watch for include potential policy changes impacting renewable energy imports, advancements in domestic biofuel production that may reduce dependency on imports, and global market fluctuations influencing biofuel prices and availability. Monitoring technological advancements in biofuel efficiency and sustainability will also be crucial.