As of 2023, the refined products production value in Austria stood at 9.62 billion Euros. The forecasted data indicates a steady increase in production value from 2024 to 2028. Specifically, the production value is expected to rise from 9.84 billion Euros in 2024 to 11.21 billion Euros in 2028. This forecasted growth demonstrates a year-on-year variation of approximately 3.75% in 2025, 3.52% in 2026, 3.12% in 2027, and 2.84% in 2028. The Compound Annual Growth Rate (CAGR) over this five-year period is anticipated to be around 3.16%.
Future trends to watch for include potential impacts from regulatory changes, technological advancements in refining processes, and shifts in global demand for refined products. Additionally, the acceleration of renewable energy initiatives and possible fluctuations in crude oil prices could significantly influence the production value in the coming years.
