The gross available energy from blended biodiesels in Austria is forecasted to increase consistently from 204.98 thousand tonnes of oil equivalent (ktoe) in 2024 to 226.64 ktoe by 2028. Comparing the forecasted value for 2024 with the actual value for 2023, we can observe a year-on-year increase of approximately 2.68%. For the subsequent years, the year-on-year growth rates are expected to be 2.67% in 2025, 2.58% in 2026, 2.50% in 2027, and 2.43% in 2028, respectively. This steady annual growth results in a Compound Annual Growth Rate (CAGR) of around 2.57% over the five-year period from 2023 to 2028.
Looking ahead, it is crucial to monitor trends related to advancements in biodiesel technology, regulatory changes impacting renewable energy policies, and fluctuations in raw material prices which could impact production costs and availability. Additionally, shifts in consumer and industrial preferences towards more sustainable energy sources could further influence the growth trajectory for blended biodiesels in Austria.
