From 2013 to 2023, the number of LNG tankers in Australia showed an overall increasing trend. Starting from 10 units in 2013, the count fluctuated slightly but reached 14 units in 2023, indicating a year-on-year increase of 7.69% and a 5-year CAGR of 3.13%. This growth suggests a steady demand for LNG transport, with notable dips and recoveries, such as the drop to 7.28 units in 2020 and the subsequent recovery to 12.35 units in 2021.
Between 2024 and 2028, the forecasted data suggests a continued upward trend, with LNG tanker counts expected to reach 15.44 units by 2028. This results in a forecasted 5-year CAGR of 1.82% and an overall 5-year growth rate of 9.46% from 2024. These values indicate a moderate yet consistent increase in LNG tanker numbers, reflecting ongoing expansion in the LNG sector.
Future trends to watch include potential impacts of global LNG demand fluctuations, advancements in LNG tanker technology, and regulatory changes affecting the Australian LNG market. Monitoring these factors will be crucial in understanding and predicting the market dynamics in the coming years.
