The liquefied petroleum gases (LPG) refinery output in Austria has shown considerable fluctuation over the past decade. In 2023, the output stood at 6.1 thousand terajoules. Despite some variability, the past five years (2018-2023) experienced a positive trend with a 3.64% compound annual growth rate (CAGR). Year-on-year variations were notably high in years like 2015 (113.16%) and 2021 (27.54%), while other years experienced significant drops, such as 2017 (-16.03%) and 2020 (-14.3%). From 2023 onwards, forecast data indicates a moderate CAGR of 0.92% up to 2028, suggesting stable growth in the LPG output, reaching 6.47 thousand terajoules by 2028.
Future trends to watch for include technological advancements in refining processes, shifts in domestic and global demand, and potential policy changes around fossil fuel usage and sustainability practices. The industry might also be influenced by renewable energy sources and innovations within the energy sector adapting to a low-carbon economy.
