The forecast for Liquefied Petroleum Gases (LPG) refinery output in Germany indicates a consistent but modest growth from 2024 to 2028. Starting at 3.34 Million Tonnes of Oil Equivalent (MTOE) in 2024, it is projected to increase to 3.36 MTOE by 2028. This reflects a stable environment with negligible year-on-year growth of approximately 0.3% each year from 2025. In 2023, the output was slightly lower, standing at 3.33 MTOE. The Compound Annual Growth Rate (CAGR) over the five-year period (2024-2028) is forecasted to be roughly 0.15%.
Future trends to monitor include:
- Technological advancements in refinery processes that might boost efficiency and output.
- Policy changes within the EU regarding energy production and consumption, which could influence LPG demand.
- Global economic conditions and their impact on energy markets.