In 2023, Germany's liquefied petroleum gases (LPG) transformation output stood at approximately 3.57 million tonnes of oil equivalent. Forecasted figures indicate a gradual year-on-year increase: 2024 shows a 0.56% rise, with subsequent modest annual growth peaking at 3.67 million tonnes by 2028. This reflects a steady compound annual growth rate of about 0.56% over five years.
Future trends to watch for:
- Potential impacts of energy policy shifts in Germany, influencing LPG demand.
- Technological advancements in clean energy transitioning impacting LPG usage.
- Fluctuations in global oil prices affecting LPG production costs and competitiveness.