The import of Liquefied Natural Gas (LNG) to Switzerland is expected to see continuous growth over the next five years. Starting from an actual value of $745.0 thousand USD in 2023, the projections suggest the import value will rise to $777.67 thousand USD in 2024, reflecting a year-on-year increase of approximately 4.38%. This upward trend continues with values reaching $814.9 thousand USD in 2025 (4.79% increase), $851.38 thousand USD in 2026 (4.47% increase), $887.14 thousand USD in 2027 (4.20% increase), and finally hitting $922.17 thousand USD in 2028 (3.95% increase).
Key Annual Growth Rates:
- 2024: 4.38%
- 2025: 4.79%
- 2026: 4.47%
- 2027: 4.20%
- 2028: 3.95%
The Compound Annual Growth Rate (CAGR) over the forecasted period (2024-2028) is approximately 4.36%.
Future trends to watch for:
- Increasing demand for cleaner energy sources could further boost LNG imports.
- Geopolitical factors and global LNG supply chain dynamics may cause volatility in import values.
- Technological advancements in LNG storage and transportation could affect import costs and logistics.
