The consumption of liquefied petroleum gases (LPG) by households in Italy stood at 46.11 thousand terajoules in 2023. The year-on-year consumption fell by 1.04% from 2022, continuing a declining trend observed over recent years. The 2023 consumption is down by approximately 7.57% compared to the peak value in 2013. Analysis of the five-year period reveals a compound annual growth rate (CAGR) of -0.27%, reflecting a slight but consistent decrease in LPG consumption.
Current forecasts for the period from 2024 to 2028 anticipate a steady decline, with a projected CAGR of -0.84% and an overall reduction of approximately 4.11% in consumption by 2028. This downward trend aligns with broader shifts towards alternative energy sources and increasing efficiency in energy consumption.
Future Trends to Watch For:
- An increased shift towards renewable energy sources such as solar and wind power, reducing reliance on traditional LPG.
- Government policies and incentives aimed at promoting energy efficiency in households.
- Technological advancements in heating systems and appliances designed to improve energy efficiency.