The consumption of Liquefied Petroleum Gases (LPG) in the mining and quarrying sector in Finland has experienced fluctuations, reflecting industrial activity trends over the years. The consumption value stood at 7.86 Thousand Tonnes of Oil Equivalent (ktoe) in 2023. Annual variations show oscillations with notable decreases in 2016 and 2020 and substantial increases in 2014, 2017, and 2019. The Compound Annual Growth Rate (CAGR) over the last five years indicates an upward trend at 7.3%. The forecasted consumption for 2028 is projected to increase at a CAGR of 1.72%, reaching 8.77 ktoe.
Future trends to watch for include:
- Technological advancements in energy efficiency within the mining and quarrying sector.
- Policy changes impacting LPG consumption due to environmental concerns.
- Shifts towards renewable energy sources potentially affecting LPG demand.