The analysis of liquefied petroleum gases refinery output in Spain reveals a declining trend since 2013, with sharp year-on-year variations. The refinery output stood at 15.15 Thousand Gigawatthours in 2023, showing a slight increase of 2.44% from 2022. However, the longer-term trend shows a steady decline, with a forecasted 5-year CAGR of -1.57% from 2023 to 2028. This represents an overall 7.62% decrease in refinery output over the next five years.
Future trends to watch for:
• Potential policy changes affecting the energy mix and refinery production.
• Advances in renewable energy sources that could further impact LPG demand.
• Economic factors influencing energy consumption patterns.
• Technological developments in refining processes and efficiency improvements.
