In 2024, France's opening stock of Liquefied Petroleum Gases (LPG) is forecasted to be 64.91 thousand metric tons. This represents a decrease from the previous year, 2023, where actual stock levels were higher. This declining trend is forecasted to continue, with expected stocks reducing to 62.31 thousand metric tons in 2025 (a year-on-year decrease of approximately 4.0%), 59.74 thousand metric tons in 2026 (a decrease of approximately 4.1%), 57.19 thousand metric tons in 2027 (a decrease of approximately 4.3%), and 54.66 thousand metric tons in 2028 (a decrease of approximately 4.4%). Overall, the compound annual growth rate (CAGR) shows the average yearly decrease over the forecasted period is around 4.2%.
Future trends to watch for include fluctuations in global oil prices which can impact LPG supply and demand and evolving energy policies and regulations aimed at reducing carbon emissions which could further influence the consumption and storage requirements of LPG in France. Additionally, advancements in alternative energy sources may also play a significant role in shaping the future market for LPG.
