From 2013 to 2023, the UK's Liquefied Petroleum Gases (LPG) transformation output has shown a fluctuating trend. The figures were highest in 2013 and steadily decreased, with notable drops in 2018 and 2020. By 2023, the output stood at 42.11 Thousand Gigawatthours. The year-on-year variation indicates significant volatility, peaking in 2020 with an 18.87% decrease and recovering by 13.67% in 2021. The Compound Annual Growth Rate (CAGR) demonstrates a more stable decline over time.
For the future, the output is forecasted to gradually decline with a 5-year CAGR of -0.56% and a total growth rate of -2.75% by 2028. This suggests a continued decrease in LPG transformation output.
Future trends to watch for include:
- Shifts in energy policies affecting LPG demand.
- Technological advancements in energy transformation.
- Market dynamics influenced by alternative energy sources.
