Between 2013 and 2023, Austria's refined products turnover showed significant fluctuations. It peaked in 2018 at 9.93 billion euros, only to drop sharply in 2020 to 6.23 billion euros. However, a strong recovery was observed post-2020, reaching 10.49 billion euros in 2023, which is a 10.55% year-on-year increase. The five-year CAGR up to 2023 was 1.12%.
Noteworthy variations include a major decline of 35.4% in 2020, with subsequent rebounds of 31.2% in 2021 and 16.1% in 2022. The forecast for 2028 predicts continued annual growth with a 5-year CAGR of 1.92%, leading to an estimated turnover of 11.84 billion euros.
Future trends to watch for:
- Continuous growth in turnover driven by market stabilization and increasing demand for refined products.
- Potential impacts of regulatory changes and technological advancements in refining processes could further influence these trends.
