The energy supply of Gas Oil and Diesel Oil (excluding biofuel portion) in Austria exhibited notable fluctuations over the past decade. By 2023, the supply stood at 4.02 million tonnes of oil equivalent. Specifically, the period between 2013 and 2023 reflected cyclic growth and declines, with a year-on-year variation reaching an uptick of 2.43% in 2023. Over the last five years, a compound annual growth rate (CAGR) of 0.75% was observed.
Looking forward from 2024, the energy supply is forecasted to maintain a steady upward trend with a projected CAGR of 1.71% by 2028. Factors influencing this growth include evolving energy policies, technological advancements in fuel efficiency, and potential regulatory changes.
Future trends to watch for:
- Impact of stricter environmental regulations on fossil fuel use.
- Shifts toward alternative and renewable energy sources.
- Technological advancements in vehicle fuel efficiency.
- Economic factors affecting industrial demand for Diesel Oil and Gas Oil.
