The gross inland consumption of sub-bituminous coal in Austria has been on a downward trend from 2013 to 2023, with a significant decline evident from 2020 onwards. As of 2023, the consumption was at 25.75 thousand tonnes of oil equivalent, showing a notable decreasing trajectory. The year-on-year variation over the past two years (2022 and 2023) were -5.51% and -4.66%, respectively. The Compound Annual Growth Rate (CAGR) for the period between 2023 to 2028 is forecasted at -2%, indicating a continuous decline. The overall reduction in consumption over the last five years reflects an ongoing shift towards less reliance on sub-bituminous coal.
Future trends to watch for include Austria's transition towards renewable energy sources and its impact on coal consumption, as well as potential regulatory changes or advancements in clean coal technologies that could influence the market dynamics. Monitoring global coal prices and their influence on domestic consumption will also be critical.
