In 2023, Ukraine led with a substantial direct transfer value of $2.39 billion, followed by Italy at $1.55 billion. The U.S. experienced a significant drop by 21.59% year-over-year. In contrast, Canada saw remarkable growth with a 93.64% increase. Over the last five years, China's average annual growth was notable at 9.38%, indicating a robust upward trend in direct transfers. On the downside, Hungary and Greece faced declines, with Hungary decreasing by 6.84% and Greece by 9.36%. Among smaller markets, Armenia surged by 33.33%, albeit from a smaller base.
Looking ahead, focus on increased natural gas usage in developing countries like China and India, driven by urbanization and industrial growth. Monitor energy policies and geopolitical developments, especially in Europe, impacting direct transfer values. Continued investment in renewable energy could shift consumer reliance away from natural gas, altering future trends.
Top countries in Direct Transfer on Natural Gas for Consumers by Country
| # | 10 Countries | Million US Dollars, Constant = 2020 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Ukraine | 2,390 | 2023 | +3.73% | +1.15% | View data |
| 2 | 2 Italy | 1,550 | 2023 | +11.91% | +4.9% | View data |
| 3 | 3 Argentina | 504.79 | 2023 | +14.72% | +4.37% | View data |
| 4 | 4 United States | 284.47 | 2023 | -27.91% | -21.59% | View data |
| 5 | 5 Colombia | 110.69 | 2023 | +1.82% | +2.84% | View data |
| 6 | 6 Greece | 99.59 | 2023 | -16.64% | -9.36% | View data |
| 7 | 7 Azerbaijan | 77.75 | 2023 | -3.42% | -17.39% | View data |
| 8 | 8 China | 77.59 | 2023 | +9.37% | +9.38% | View data |
| 9 | 9 India | 72.46 | 2023 | +1.59% | +0.072% | View data |
| 10 | 10 Latvia | 58.16 | 2023 | +2.03% | -2.85% | View data |
