The forecast for liquefied petroleum gases (LPG) final consumption in Germany’s mining and quarrying sector indicates a steady growth trajectory from 2024 to 2028, with consumption expected to rise incrementally each year by approximately 0.93% year-on-year. In 2023, the actual consumption stood at 3.19 thousand tonnes of oil equivalent. The compound annual growth rate (CAGR) over this five-year period is also projected to be 0.93%, reflecting a stable and gradual increase in demand.
Future trends to watch for include:
- Technological advancements in energy efficiency that might slow growth in LPG consumption.
- Shifts towards renewable energy sources, potentially impacting LPG demand in industrial applications.
- Policy changes and environmental regulations that could influence the dynamics of fossil fuel consumption.
