In 2023, the available pure biodiesel for final consumption in Austria was 73.60 Thousand Tonnes Of Oil Equivalent. From 2024, the consumption is forecasted to grow steadily: 75.14 in 2024, 76.77 in 2025, 78.37 in 2026, 79.92 in 2027, and 81.44 in 2028. The year-on-year variations show incremental growth rates of approximately 2.2% to 2.5% over the period. Looking at the last two years, the increase is relatively consistent, indicating a steady adoption of biodiesel. The CAGR over the five-year forecast period is roughly 2.5%, pointing to a solid, albeit moderate, increase in consumption.
Future trends to watch for:
- Technological advancements in biodiesel production that can enhance efficiency.
- Policy and regulatory changes in Austria and the EU that could either bolster or hinder biodiesel consumption.
- Market dynamics, including potential shifts in energy prices or supply chain disruptions, that may impact overall biodiesel availability.
- Environmental trends and public sentiment towards renewable energy sources which can influence demand considerably.