The primary solid biofuels final consumption in Austria's industry stood at 1.22 million tonnes of oil equivalent in 2023. The historical data shows fluctuating year-on-year changes with notable declines in 2014, 2015, and 2018, and increases in 2016, 2021, and 2023. The average annual variation (CAGR) over the last five years was 1.33%, indicative of a minor upward trend.
Future forecasts suggest a stable growth, with consumption expected to reach 1.3 million tonnes by 2028. The forecasted 5-year CAGR is 1.04%, culminating in a total growth of 5.3% over this period.
**Future Trends to Watch For**
- Integration of more advanced biofuels technologies
- Changes in legislative frameworks promoting renewable energy
- Economic factors influencing industry fuel choices