In 2023, the supply of Liquefied Petroleum Gases (LPG) in Finland stood at 12.09 Thousand Gigawatthours. Over the past decade, the market has shown fluctuations with notable declines in 2017 and subsequent recovery periods. Specifically, the last two years (2022-2023) experienced a moderate average growth rate of 2.57%. The Compound Annual Growth Rate (CAGR) over the last five years was 2.27%, reflecting a steady upward trend.
Looking forward, the forecast from 2024 indicates continued growth with an expected CAGR of 2.27% over the next five years, predicting a supply of 13.96 Thousand Gigawatthours by 2028. This suggests ongoing demand and potential for investment in the LPG sector in Finland.
**Future Trends to Watch For:**
- Technological advancements in LPG storage and distribution.
- Impact of regulatory changes on the energy sector.
- Developments in renewable energy sources potentially affecting LPG demand.
- Economic factors influencing industrial usage and overall energy consumption.
