The liquefied petroleum gases (LPG) refinery output in Spain stood at 1.3 Million Tonnes of Oil Equivalent (MTOE) in 2023. The forecasted figures show a slight declining trend from 2024 through 2028. The year-on-year variations indicate a consistent reduction: - 2025 sees a 2.34% decrease from 2024,- 2026 shows a 1.60% decrease from 2025,- 2027 reveals a 2.44% decrease from 2026,- 2028 reports a 1.67% decrease from 2027.The compound annual growth rate (CAGR) over this five-year period is approximately -1.78%.
Key trends to watch for include potential shifts in energy policies, technological advancements in alternative energy sources, and fluctuations in global oil prices that might impact the future refinery output of LPG in Spain.
