From 2013 to 2023, Austria's fuel oil final consumption in the construction sector showed significant fluctuations. The consumption peaked in 2013 at 159.9 GWh and saw a substantial decline to 32.76 GWh in 2021, before partially recovering to 76.83 GWh in 2023. Over the last five years, the consumption demonstrated a slight annual average growth of 3.64%. However, year-on-year variations have been stark, ranging from a severe drop of 52.99% in 2018 to a notable increase of 123.48% in 2022, indicating a volatile demand pattern.
Looking ahead, the forecast from 2024 to 2028 suggests a consistent decline, with a 5-year average annual reduction of 5.31%. By 2028, the consumption is projected to decrease by approximately 23.87% from its 2023 level, reaching 54.89 GWh. This downward trajectory signifies a potential shift in energy usage or policy changes within the Austrian construction sector.
Future Trends to Watch For:
- Energy policy changes aimed at reducing fossil fuel usage in construction
- Increased adoption of alternative energy sources
- Construction sector's adaptation to advanced, energy-efficient technologies
- Economic factors influencing construction activity and energy demands
