The final consumption of sub-bituminous coal in the industry in Austria has seen significant fluctuations from 2013 to 2023. The value in 2023 stood at 395.93 Gigawatt-hours, indicating a slight increase of 1.13% from 2022. Over the last five years, the compound annual growth rate (CAGR) was -1.37%, reflecting an overall declining trend. Historical data shows volatile year-on-year variations, with notable drops in consumption in 2016, 2017, and between 2018 to 2021. However, there was a significant jump in 2022, showcasing a 20.25% increase.
Future projections suggest a continued decline in the consumption of sub-bituminous coal, with a forecasted 5-year CAGR of -0.47% from 2024 to 2028. This decrease reflects the ongoing shift towards more sustainable energy sources and increased energy efficiency in the industrial sector.
Trends to watch for in the future include:
- The impact of European Union energy policies aimed at reducing carbon emissions.
- The adoption of alternative fuel sources in the industry.
- Technological advancements enhancing energy efficiency.