From 2013 to 2022, the Chemical and Petrochemical Sector in Austria displayed an overall upward trend in natural gas consumption, with some year-to-year fluctuations. Notable increases were observed in 2016 (11.69%) and 2021 (8.18%), while consumption slightly decreased in certain years like 2018 (-3.6%) and 2020 (-3.94%). The Compound Annual Growth Rate (CAGR) over the last five years (2018-2022) averaged around 1.16%.
Looking ahead, natural gas consumption is forecasted to grow at a CAGR of approximately 1.04% from 2023 to 2028, reaching 6.09 Thousand Gigawatthours by 2028. Key trends include the increasing importance of sustainable and green energy practices, regulatory changes, and advancements in chemical processing technologies which may further affect natural gas consumption rates.