Austria's imports of pure biodiesels are forecasted to increase from 134.8 Thousand Metric Tons in 2024 to 140.58 Thousand Metric Tons in 2028. In 2023, the import volume stood at 133.4 Thousand Metric Tons. The year-on-year growth rates are as follows: 1.15% from 2023 to 2024, 1.13% from 2024 to 2025, 1.09% from 2025 to 2026, 1.02% from 2026 to 2027, and 0.97% from 2027 to 2028. The compound annual growth rate (CAGR) over this five-year period averages 1.07% per annum.
Future trends to watch for:
- Policies and regulations on renewable energy and biodiesel imports in Austria and the European Union.
- Technological advancements in biodiesel production and transportation that may impact import volumes.
- Economic factors such as global oil prices and their influence on the competitiveness of biodiesel.
- Climate change targets and the increasing role of sustainable energy solutions.