The Liquefied Petroleum Gases (LPG) refinery output in Germany stood at 39.28 thousand gigawatt hours in 2023. Historical data reveals mixed growth patterns, with a significant spike of 24.6% in 2017, but a notable decline of 10.74% in 2020. The output increased steadily from 2021 to 2023, with a year-on-year variation of 4.85% in 2021, 5.38% in 2022, and 2.99% in 2023, showcasing modest recovery and consistency. The Compound Annual Growth Rate (CAGR) over the last five years is 0.36%, reflecting marginal growth.
Looking ahead, the forecasted data suggests a gradual increase in LPG refinery output, with a projected value of 40.74 thousand gigawatt hours by 2028. The forecasted five-year CAGR is 0.58%, indicating steady but slow growth. Future trends to watch for include advancements in refinery technology, changes in regulatory policies, and shifts in domestic and international energy demand which may impact output levels. Additionally, geopolitical factors and environmental regulations will play crucial roles in shaping the LPG refinery output trajectory in Germany.
