In 2023, the refined petroleum products sector in Austria stood at 9.67 billion euros. Forecasted data indicates a steady increase, with production values rising to 9.84 billion euros in 2024, 10.21 billion euros in 2025, 10.57 billion euros in 2026, 10.9 billion euros in 2027, and 11.21 billion euros in 2028. The year-on-year percentage variation shows a consistent growth pattern:
• 2024: +1.76%
• 2025: +3.76%
• 2026: +3.52%
• 2027: +3.12%
• 2028: +2.84%
Over the last two years, the sector saw an average annual growth (CAGR) of approximately 3.4%. This reflects a stable upward trend driven by economic recovery and increasing demand for refined petroleum products.
Future trends to watch include potential influences from renewable energy adoption policies, technological advancements in refining processes, and global market fluctuations affecting oil prices and supply chains. Strategic monitoring of these factors will be vital for stakeholders in the sector.
