The consumption of liquefied petroleum gas (LPG) in China has shown a consistent upward trend from 2013 to 2023, rising from 28.2 million metric tons to 68.4 million metric tons. Over this period, the year-on-year growth rates fluctuated significantly, peaking in 2016 with a 26.61% increase. The five-year Compound Annual Growth Rate (CAGR) leading up to 2023 was 3.83%, reflecting a gradual deceleration in growth.

In 2023, LPG consumption reached 68.4 million metric tons, marking a 3.09% increase from the previous year. Looking ahead, forecasts suggest that consumption will continue to rise, albeit at a slower pace. The forecasted five-year CAGR through 2028 is 2.16%, with an overall growth rate of 11.25% from 2023 to 2028.

Future trends to watch for include:

The impact of policies promoting cleaner energy sources and their potential to decelerate LPG growth.
Technological advancements in LPG applications and their influence on consumption rates.
Changing economic conditions and their effects on industrial and residential LPG demand.