Over the past decade, Canadian propane exports have demonstrated significant variability with an upward long-term trend. In 2023, the value reached 325.59 thousand terajoules. Notably, the export volumes have substantially risen from 147.23 thousand terajoules in 2013, representing an overall growth rate of more than twofold over the period.
Year-by-year fluctuations were evident, with notable increases in 2015 (24.27%) and 2017 (33.65%). However, some years also saw declines, such as 2014 (-9.74%) and 2020 (-14.22%). The average annual growth rate (CAGR) from 2019 to 2023 was approximately 7.78%, indicating steady expansion despite short-term volatility.
Looking forward, forecast data suggest the trend will continue positively, with projections indicating a rise to 460.58 thousand terajoules by 2028. This represents an estimated CAGR of 5.39% over the next five years.
Future trends to watch include potential market demand fluctuations in Asia, regulatory changes impacting export permissions, advancements in propane extraction technology, and global economic factors that might influence energy consumption patterns.
