The final consumption of sub-bituminous coal in Austria has shown a general declining trend since 2014, with occasional slight increases. From 2013 to 2023, the consumption fell from 73.78 thousand metric tons to 48.52 thousand metric tons, reflecting decreased reliance on this fuel type. Particularly, the period between 2018 and 2023 saw annual decreases largely due to a shift towards renewable energy sources and improved energy efficiency.
In 2023, the consumption stood at 48.52 thousand metric tons. The year-on-year variation has been negative over the past two years, with a 5.64% decrease in 2022 and a 4.78% decrease in 2023. The compound annual growth rate (CAGR) for the last five years (2019-2023) was -7.07%.
Looking ahead to the forecasted data from 2024 to 2028, the decline is expected to moderate, with a forecasted CAGR of -2.06% over the next five years. By 2028, the final consumption is projected to drop to 41.96 thousand metric tons, representing a total forecasted five-year decrease of 9.89%.
Future trends to watch for include the accelerated adoption of renewable energy, government policies aimed at reducing carbon emissions, and technological advancements in energy efficiency. These factors could further drive the reduction in sub-bituminous coal consumption.