The biogas final consumption in the Food, Beverages, and Tobacco sectors in Austria has exhibited significant volatility over the past decade. The data shows a considerable drop from 104.23 GWh in 2013 to 29.41 GWh in 2023. Despite fluctuations, the general trend has been downward, with notable decreases between 2016 and 2019.
Year-on-year variations highlight the instability, particularly sharp declines of 32.51% in 2016 and 43.23% in 2017. Although there were modest recoveries, such as a 21.97% increase in 2020, the overall Compound Annual Growth Rate (CAGR) over the last five years leading up to 2023 stood at -4.92%.
Looking forward from 2024, the forecasted data suggests a slight upward trend with a forecasted CAGR of 1.12%, leading to an estimated 31.61 GWh by 2028. This indicates that while the sector may experience a modest recovery, the growth rate will be relatively slow.
Future trends to watch for include the impact of regulatory policies promoting renewable energies, technological advancements in biogas production, and shifts in the energy consumption patterns within the food, beverages, and tobacco sectors. These factors could significantly influence the forecasted consumption values.