The analysis of Austria's oil refinery capacities shows a stable trend from 2013 to 2023, with the capacity standing at 192.89 thousand barrels per day in 2023. The year-on-year variation slightly increased in the last two years at percentages of 0.03% and 0.025%, respectively, signifying a modest upward trend. The Compound Annual Growth Rate (CAGR) over the past five years is calculated at 0.011%, indicating steady but minimal growth.
Future trends to watch for include:
- A forecasted increase in refinery capacity to 193.07 thousand barrels per day by 2028.
- A projected forecasted five-year CAGR of 0.01%.
- A 0.07% increase in total capacity over the next five years.
These indicators suggest that Austria's oil refinery capacity will continue to grow, albeit at a very slow rate. Opportunities for efficiency improvements and technological advancements in refining could potentially accelerate this growth.
