In 2023, Germany's liquefied petroleum gas (LPG) energy supply stood at 1.23 million tonnes of oil equivalent. From 2024 to 2028, a steady increase is forecasted in the LPG supply, with an annual growth of approximately 0.8%. The compounded annual growth rate (CAGR) over this period is also anticipated to be 0.8%. This stable growth reflects a gradual yet consistent demand augmentation in the LPG sector within Germany.
Future trends to watch for:
- Technological advancements in LPG production and utilization that could impact supply efficiency and costs.
- Potential policy changes or environmental regulations which might influence the energy mix in favor of greener alternatives.
- Market dynamics and geopolitical factors affecting the global LPG supply chain.