The forecast for blended biodiesel closing stock in Austria shows significant fluctuations from 2013 through 2023, with a value standing at 34.8 Thousand Metric Tons in 2023. Key trends indicate major volatility, such as a high of 41.29 Thousand Metric Tons in 2020 followed by a drop in 2021. Over the last two years, the stock has seen a moderate increase of 2.84% year-on-year by the end of 2023. The Compound Annual Growth Rate (CAGR) over the last 5 years is 14.72%, reflecting robust growth.
Looking ahead, forecasted data predict a more stable growth pattern with a forecasted 5-year CAGR of 2.03% leading to a stock of 39.53 Thousand Metric Tons by 2028, representing a 10.56% growth from 2023. Key future trends to watch for include policy changes, technological advances in biodiesel production, and shifts in market demand driven by environmental regulations and energy prices.
