Analysis of Liquefied Petroleum Gases (LPG) final consumption by households in Austria shows notable fluctuations from 2013 to 2023. Consumption initially dropped significantly, notably by 14.53% in 2014 before stabilizing. The period from 2017 to 2021 witnessed substantial increases, peaking with an 11.89% rise in 2021. Consumption reached 397.99 Gigawatthours in 2023, reflecting a modest increase of 0.084% year-on-year.
Over the last five years leading up to 2023, the compound annual growth rate (CAGR) stood at 3.04%, indicating a steady, albeit modest, growth. The forecast for 2024 onwards suggests an average annual growth rate of 0.04% over the next five years, indicating a period of stability with minimal growth expected.
Future trends to watch for:
- Stability in LPG consumption levels due to mature market conditions.
- Potential impacts of energy efficiency measures and alternative fuel adoption.
- Economic factors and policy changes that could affect household energy preferences and consumption patterns.