In 2023, Belgium led the European LPG consumption for chemical and petrochemical sectors with 247.5 thousand tonnes of oil equivalent, followed by Finland and Hungary. Notable year-on-year consumption increases occurred in Denmark, Estonia, and Macedonia with 15.72%, 12.55%, and 43.1%, respectively. On the other hand, Italy and Bulgaria experienced significant decreases. Over the last five years, the LPG consumption trend shows a mixed pattern with a strong demand in certain countries contrasted with declines in others, resulting in a steady average annual growth across the region.
Future trends to watch for include:
- The shift towards more sustainable energy sources and its impact on LPG demand.
- Economic factors influencing chemical and petrochemical sectors in Europe, potentially affecting LPG consumption.
- Geopolitical developments that may alter supply chains and regional LPG usage patterns.
- Technological advancements and their adoption within the industry, influencing efficiency and consumption rates.
Top countries in Liquefied Petroleum Gases Final Consumption in Chemical and Petrochemical Sectors by Country
| # | 10 Countries | Thousand Tonnes Of Oil Equivalent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 247.5 | 2023 | +2.77% | +0.64% | View data |
| 2 | 2 Finland | 172.88 | 2023 | +2.8% | +2.83% | View data |
| 3 | 3 Hungary | 107.07 | 2023 | +2.78% | +2.23% | View data |
| 4 | 4 Norway | 93.53 | 2023 | +1.86% | +5.5% | View data |
| 5 | 5 Romania | 36.92 | 2023 | +1.8% | -3.55% | View data |
| 6 | 6 France | 33.58 | 2023 | +1.18% | -0.73% | View data |
| 7 | 7 Sweden | 25 | 2023 | +8.55% | +2.48% | View data |
| 8 | 8 Poland | 9.22 | 2023 | +11.07% | +4.68% | View data |
| 9 | 9 Greece | 9.19 | 2023 | +3.09% | +0.73% | View data |
| 10 | 10 Czech Republic | 8.52 | 2023 | +16.91% | +6.3% | View data |
