The refinery output of liquefied petroleum gases (LPG) in Austria from 2013 to 2023 has shown significant year-on-year fluctuations. In 2023, the output stood at 1720 Gigawatthours, indicating a 4.73% increase from 2022. The output displayed strong growth periods, especially from 2015 to 2019, despite some reductions, such as the 14.3% drop in 2020. Over the long term, the compound annual growth rate (CAGR) for the past five years reflects a modest 3.91% increase, with future forecasts suggesting a more stable growth rate of 6.22% by 2028.
However, the growth is expected to slow down slightly, with a forecasted CAGR of 1.21% from 2024 to 2028. This indicates a maturing market, moving towards stability rather than dramatic increases.
- Consistency in refinery investment and technological advancements will be essential in maintaining output growth.
- Market participants should closely monitor geopolitical factors and regulatory changes that could impact production and demand.
