The consumption of Liquefied Petroleum Gases (LPG) in the machinery sector in Sweden has exhibited notable fluctuations over the past decade. From 2013 onwards, the consumption values have seen both sharp upticks and significant declines. The highest consumption was recorded in 2015, reaching 784.85 TJ, while the lowest was in 2020 with 545.25 TJ. Over the last five years, the compound annual growth rate (CAGR) stands at approximately -0.96%, indicating a general decline. Specifically, in 2023, the LPG consumption stood at 675.51 TJ, showing a slight year-on-year increase of 2.88% compared to the previous year.
Future trends to watch for include:
- The LPG consumption is forecasted to continue its gradual decline, as evidenced by a projected 5-year CAGR of -0.85%.
- Regulatory changes and advancements in machinery efficiency that may impact energy consumption patterns.
- Adoption of alternative energy sources which could further decrease LPG demand in the machinery sector.