The consumption of liquefied petroleum gases (LPG) in France's industry has experienced notable fluctuations over the past decade. The consumption stood at 372.68 thousand tonnes of oil equivalent in 2023, marking a decrease of 1.21% from the previous year. Recent trends indicate a declining pattern, with a compound annual growth rate (CAGR) of -1.06% over the last five years up to 2023. Forecasts suggest a slight downtrend, with a projected CAGR of -0.96% from 2023 to 2028, resulting in a 4.69% overall decrease by 2028.
Future trends to watch for:
- Potential shifts in energy policies towards sustainable alternatives.
- Technological advancements influencing LPG utilization efficiency and applications.
- Geopolitical changes impacting global LPG supply and prices.
- Fluctuations in industrial demand due to economic cycles and sector-specific developments.
