In 2023, Belgium, Finland, and Hungary led the European LPG consumption in the chemical and petrochemical sectors, showcasing growth rates of 1.04%, 2.86%, and 2.26%, respectively. Norway displayed a strong increase at 5.36%, whereas larger declines were seen in Italy and the Netherlands, showing -22.07% and -30.16% respectively. Notably, emerging economies such as Macedonia experienced a surge at 38.96%.
Looking ahead, the LPG market will likely encounter varying dynamics driven by Europe's energy transition and decarbonization efforts. Key trends include increased competition from green alternatives, potential regulatory changes, and the impact of geopolitical factors influencing energy security and supply chains.
Top countries in Liquefied Petroleum Gases Final Consumption in Chemical and Petrochemical Sectors Share by Country (Terajoules)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 32.66 | 2023 | +3.69% | +1.04% | View data |
| 2 | 2 Finland | 22.14 | 2023 | +2.87% | +2.86% | View data |
| 3 | 3 Hungary | 13.87 | 2023 | +2.87% | +2.26% | View data |
| 4 | 4 Norway | 12.02 | 2023 | +1.89% | +5.36% | View data |
| 5 | 5 France | 7.94 | 2023 | +30.98% | +12% | View data |
| 6 | 6 Romania | 4.61 | 2023 | +0.13% | -4.25% | View data |
| 7 | 7 Sweden | 3.22 | 2023 | +8.08% | +2.42% | View data |
| 8 | 8 Poland | 1.19 | 2023 | +11.08% | +4.68% | View data |
| 9 | 9 Czech Republic | 1.1 | 2023 | +16.92% | +6.29% | View data |
| 10 | 10 Greece | 0.88 | 2023 | -12.21% | -5.18% | View data |
