In 2023, Austria’s fuel oil refinery output was recorded at 6.52 Thousand Gigawatthours. From 2024, forecast data indicates a declining trend in refinery output. Specifically, the output is expected to decrease to 6.21 Thousand Gigawatthours in 2024 and further decline consecutively to 5.76, 5.32, 4.89, and 4.46 Thousand Gigawatthours in 2025, 2026, 2027, and 2028 respectively.
Key variations in the forecasted data include:
- 2024-2025: -7.24%
- 2025-2026: -7.64%
- 2026-2027: -8.08%
- 2027-2028: -8.79%
The compound annual growth rate (CAGR) from 2023 to 2028 exhibits an average decline of approximately -7.52% per year.
Future trends to watch for include advancements in renewable energy sources, potential shifts in environmental regulations, changes in global oil prices, and technological innovations in refinery processes that could influence Austria's oil refinery output trajectory.
