Between 2013 and 2023, the sales of Liquefied Petroleum Gas (LPG) in Canada showed significant fluctuations. Actual sales data indicate a peak in 2014, followed by a steady decline until 2017. Post-2017, there was a gradual recovery with an upward trend. In 2023, LPG sales stood at 538.47 million liters, representing a 2.29% year-on-year increase. The CAGR over the past five years (2018-2023) is approximately 4.05%.
From 2024 onwards, forecasted data suggests a continued moderate annual growth rate, with a forecasted 5-year CAGR of about 1.64%, leading to a predicted volume of 597.08 million liters by 2028.
Looking forward, regulatory changes, advancements in energy alternatives, and fluctuations in crude oil prices will be critical trends to watch. Additionally, the adoption of green technologies and increased focus on climate change legislation may impact future LPG demand in Canada.
