The historical data from 2013 to 2023 for kerosene-type jet fuel imports to Austria shows significant fluctuations. After peaking at 1.73 thousand Gigawatthours in 2017, the imports sharply declined to 0.602 in 2019, likely due to external factors such as changes in demand or policy shifts. By 2023, the volume stood at 0.501, with a minimal year-on-year increase of 1.36%. The compound annual growth rate (CAGR) over the last five years was -12.86%, indicating a downward trend.
In terms of future trends, the forecast from 2024 to 2028 shows a steady increase, with the 2028 forecast standing at 0.53374. The forecasted 5-year CAGR is projected to be 1%, suggesting a moderate recovery. Factors driving this trend could include economic recovery, changes in global travel patterns, and energy policy adjustments.
Items to watch:
- Developments in aviation technology and fuel efficiency
- Policy changes related to environmental regulations
- Trends in international travel and tourism
- Market shifts towards alternative fuels and sustainability initiatives