In 2023, biofuels consumption in Austria stood at 17.62 Petajoules. Based on forecasts for subsequent years, consumption is expected to rise to 17.99 Petajoules in 2024, 18.38 Petajoules in 2025, and continue increasing to 19.52 Petajoules by 2028. Year-on-year growth rates from 2024 to 2028 are as follows: 2024 (2.1%), 2025 (2.2%), 2026 (2.1%), 2027 (2.0%), and 2028 (1.9%). The average annual growth rate (CAGR) over this five-year period is approximately 2.06%.
Future trends to watch for include advancements in biofuel technologies, regulatory changes promoting renewable energy, and potential shifts in consumer preferences towards sustainable energy sources. These factors could significantly influence biofuels consumption patterns in Austria beyond 2028.