The gross inland consumption of liquefied petroleum gases (LPG) in Finland has seen considerable year-over-year fluctuations from 2013 to 2023. Starting from 774.1 thousand tonnes of oil equivalent in 2013, it reached 1030.0 thousand tonnes in 2023, reflecting a 3.22% increase over the previous year. The period from 2013 to 2023 showcased several significant shifts including a notable dip in 2017 (-23.06%) and a strong rebound in 2018 (37.91%). A more recent growth pattern from 2021 to 2023 reveals a positive trend, with year-on-year variations of 15.5% in 2021 and modest increases of 1.4% and 3.22% in 2022 and 2023, respectively. The average year-on-year growth in the five-year period leading up to 2023 stands at approximately 2.24%, underscoring a stable and steady rise in LPG consumption over the long term.
Looking forward, the forecast data from 2024 to 2028 suggests continuous growth in LPG consumption, projecting a rise from 1070.0 thousand tonnes in 2024 to 1190.0 thousand tonnes in 2028. This implies an expected compound annual growth rate (CAGR) of 2.24% for this period, contributing to an overall growth rate of 11.69% over these five years.
Future trends to watch for include advancements in energy efficiency, shifts in industrial demand, and the potential impact of global energy policies aimed at reducing carbon emissions. Moreover, analyzing the integration of renewable energy sources and their influence on the LPG market will be crucial. Developing technologies and market dynamics in the broader energy sector may also markedly affect future consumption patterns in Finland.
