The historical data of liquefied natural gas (LNG) imports in the APAC region from 2013 to 2023 shows a general upward trend, with notable fluctuations. In 2023, the value stood at 358.47 Billion Cubic Meters. The year-on-year variation from 2021 to 2022 saw a -6.47% decrease, followed by a 3.03% increase in 2023. Over the past five years, the compound annual growth rate (CAGR) was 2.13%, indicating a moderate growth trend despite the recent volatility.
Looking ahead, the forecast suggests a continued increase in LNG imports, with an estimated 5-year CAGR of 2.15%, signifying an 11.22% growth rate over this period. By 2028, the import volume is projected to reach 410.35 Billion Cubic Meters.
Future trends to watch include:
- Impact of geopolitical developments on LNG supply chains.
- Technological advancements in LNG infrastructure and storage.
- Policy changes regarding energy transition and carbon footprint reduction in the APAC region.
- Market dynamics influenced by the global demand for cleaner energy sources.
