Austria's primary solid biofuels gross electricity production has experienced fluctuations over the past decade. Actual data shows peaks and troughs, with a notable peak in 2018 at 340.98 thousand tonnes of oil equivalent and consistent declines from 2019 to 2021, hitting a low of 302.96 in 2021. Year-on-year variations show a mix of growth and decline, with the highest decline of -7.06% in 2019 and recent growth of 1.57% in 2023, ending at 312.74. The last recorded five-year CAGR up to 2023 was -1.71%, indicating a slight downward trend. From 2024 onward, there is a forecasted steady increase, projecting an overall growth rate of 5.72% by 2028, with a forecasted five-year CAGR of 1.12%.
Future trends to watch for include advancements in biofuel technology, policy changes affecting renewable energy incentives, and increased environmental awareness driving demand for sustainable energy sources. The alignment of these factors could significantly influence the production and adoption of solid biofuels for electricity generation in Austria.