In 2023, France led the European Liquefied Petroleum Gases (LPG) consumption in the transport equipment sector, with a year-on-year increase of 2.4%. Sweden saw a decline of 2.34%, while Spain and Poland had contrasting performance with slight declines and strong growth of 6.64%, respectively. Germany experienced an increase of 5.38%. The Czech Republic posted the highest growth at 14.24%, while Finland saw the sharpest decline at -22.48%. Serbia’s consumption surged by 102.7%, indicating significant market changes. Other notable trends included modest gains in Norway (5.66%) and Hungary (5.54%), while Portugal and Denmark witnessed declines of -9.87% and -24.84%, respectively.
Future trends to watch in the European LPG market for the transport equipment sector include the impact of regulatory changes, advancements in alternative fuel technologies, and evolving market dynamics due to environmental policies. Continued growth in countries like Poland and Serbia may indicate expanding LPG infrastructure and adoption, whereas declines in countries like Finland and Denmark suggest a pivot towards other sustainable energy sources.
Top countries in Liquefied Petroleum Gases Final Consumption in Transport Equipment Sector by Country
| # | 10 Countries | Thousand Tonnes Of Oil Equivalent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 17.85 | 2023 | +7.9% | +2.4% | View data |
| 2 | 2 Sweden | 11.65 | 2023 | +0.28% | -2.34% | View data |
| 3 | 3 Spain | 6.57 | 2023 | -0.23% | -0.62% | View data |
| 4 | 4 Poland | 5.97 | 2023 | +2.28% | +6.64% | View data |
| 5 | 5 Germany | 4.01 | 2023 | -1.16% | +5.38% | View data |
| 6 | 6 Bosnia and Herzegovina | 3.22 | 2023 | +3.77% | +4.37% | View data |
| 7 | 7 Romania | 2.48 | 2023 | +2.78% | -2.97% | View data |
| 8 | 8 Czech Republic | 2.04 | 2023 | +2.88% | +14.24% | View data |
| 9 | 9 Finland | 1.86 | 2023 | +0.92% | -22.48% | View data |
| 10 | 10 Norway | 1.45 | 2023 | 0% | +5.66% | View data |