The biogases final consumption in Austria's chemical and petrochemical sectors has demonstrated a fluctuating trend from 2013 to 2023, reaching 13.12 Thousand Tonnes Of Oil Equivalent in 2023. Despite significant yearly variations, the overall trajectory shows a modest increase. Noteworthy peaks include a 38.15% increase in 2017 followed by a drastic decline of 61.88% in 2018. Recovery efforts were seen with a 99.56% rise in 2021, though the consumption slightly decreased by 2.23% in 2022. On average, the Compound Annual Growth Rate (CAGR) over the past five years ending in 2023 is 13.63%, indicating a recovering and growing trend overall after previous declines.
Looking ahead, the forecasted period suggests a slower, yet stable increase with a projected growth rate of 11.25% by 2028 and a 5-year CAGR of 2.15%, suggesting a maturing and stabilizing market. Future trends to watch for include policy changes in renewable energy, technological advancements in biogases production, and economic factors affecting the chemical and petrochemical industries. These factors could significantly impact the biogas consumption trajectory and market stability in Austria.
