In 2024, Italy led European LPG closing stock with 22.7 thousand metric tons, marking a 2.71% increase from 2023. Sweden and Finland saw moderate growth, whereas Spain, Norway, and the Netherlands experienced declines. Significant growth occurred in Austria, Belgium, and Montenegro, while France, Ukraine, and the United Kingdom faced notable reductions. Among Eastern European countries, Poland and Slovenia showed slight positive changes, but Romania and Bulgaria saw decreases. Overall, the variations reflect complex market dynamics influenced by demand, supply chain, and geopolitical factors over recent years.
Looking ahead, trends to watch include continued recovery in certain Western European economies and potential impacts of regulations promoting renewable energy. Eastern and Northern European countries might focus on stabilizing or modestly growing their stocks. In addition, potential regional geopolitical changes and advancements in LPG technology could significantly impact these trends.
Top countries in Liquefied Petroleum Gases Closing Stock Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 22.7 | 2023 | +18.38% | +2.71% | View data |
| 2 | 2 Sweden | 13.25 | 2023 | +0.97% | +1.74% | View data |
| 3 | 3 Spain | 9.26 | 2023 | -1.03% | -2.05% | View data |
| 4 | 4 Norway | 8.73 | 2023 | +7.23% | -0.58% | View data |
| 5 | 5 Finland | 7.96 | 2023 | +0.57% | +1.92% | View data |
| 6 | 6 Netherlands | 5.33 | 2023 | +0.029% | -3.72% | View data |
| 7 | 7 Poland | 4.83 | 2023 | +2.72% | +1.93% | View data |
| 8 | 8 Belgium | 4.64 | 2023 | +3.64% | +6.3% | View data |
| 9 | 9 Germany | 2.94 | 2023 | 0% | +2.66% | View data |
| 10 | 10 Portugal | 2.64 | 2023 | +0.61% | -6.58% | View data |
