The forecasted average annual liquefied petroleum gas (LPG) consumption for households in China shows a gradual decline from 2.76 to 2.68 ten million metric tons between 2024 and 2028. This downward trend indicates a slight year-on-year reduction, averaging approximately a 0.72% decrease each year from 2024 to 2028. For a broader perspective, from 2023 to 2028, the compound annual growth rate (CAGR) reflects a consistent decline.
Future trends to watch for include advancements in alternative energy sources such as electricity and natural gas, which could further impact LPG consumption. Additionally, government policies promoting environmental sustainability and energy efficiency may accelerate the shift away from traditional LPG usage in households.
