The average expenditure per household on natural gas for principal accommodation in Canada stood at CAD 548 in 2023. The forecast indicates a gradual increase, reaching CAD 551 by 2028. The forecasted year-on-year percentage change is marginal, showing stability in the market from 2024 to 2028, with a compound annual growth rate (CAGR) of approximately 0.09% over these years.
Future trends to watch for include:
- Potential impacts of geopolitical developments on natural gas prices.
- Government policies aimed at promoting renewable energy that may affect natural gas demand.
- Technological advancements in energy efficiency for household applications.