Forecast: LPG Tankers in Australia

From 2013 to 2023, the number of LPG tankers in Australia exhibited fluctuations, showing both growth and decline phases. The volume stood at 4 units in 2023, aligning with past years from 2016 to 2019 and demonstrating stability after a drop in 2020. Variations over the last two years highlight a stabilization with a 5.26% increase in 2022 and no change in 2023. The average annual growth rate for the past five years stands at zero, indicating minimal momentum in recent trends.

Future trends to watch for:

• The forecasted CAGR from 2024 to 2028 is a modest 0.3%, predicting a slight growth.
• Annual increases are minimal, suggesting steadiness in the LPG tanker market.
• External factors such as global energy policies and advancements in fuel alternatives could impact this status quo.