Forecast: Transport Equipment Sector Final Consumption of Natural Gas in Austria

The final consumption of natural gas in the transport equipment sector in Austria exhibited fluctuations over the past decade, with values oscillating between 31.54 and 42.95 thousand tonnes of oil equivalent. In 2023, it stood at 42.96 thousand tonnes of oil equivalent. Year-on-year variations presented a mixed trajectory, including notable declines in 2013 and 2015 and increments in 2016, 2017, and beyond. Noteworthy annual changes include a 15.22% increase in 2016 and a 9.88% decrease in 2019. Over the last five years, the compound annual growth rate (CAGR) was approximately 0.38%, indicating overall modest growth.

Going forward, the forecasted data from 2024 to 2028 suggest a stable consumption trend without significant deviations, maintaining around 42.96 thousand tonnes of oil equivalent annually. Future trends to watch for include the impact of potential regulatory changes, advancements in alternative fuel technologies, and shifts in the transport equipment sector's operational demand for natural gas.