The consumption of Kerosene-Type Jet Fuel in Austria’s international aviation sector showed significant variability from 2013 to 2023. By 2023, the value stood at 11.61 Thousand Gigawatthours, reflecting a positive trend after the drastic dip in 2020 due to the global pandemic. The recovery post-2020 has been strong, with a notable year-on-year increase of 17.7% from 2022 to 2023. The five-year CAGR between 2018 and 2023 was 3.74%, indicating a resilient recovery and growth trajectory.
Looking forward to the forecasted period from 2024 to 2028, a steady annual growth rate is expected, with a forecasted five-year CAGR of 1.42%. This slower growth rate compared to recent rebounds signals a stabilization phase after the sharp post-pandemic recovery. Overall, the forecast implies a consistent increase in fuel consumption with a 7.29% growth rate over the five-year period.
Future trends to watch include potential influences from the adoption of biofuels, technological advancements in aircraft fuel efficiency, and evolving regulatory policies related to carbon emissions. These factors could further impact fuel consumption patterns in the international aviation sector.
