Forecast: Ethane Production in Canada

In 2023, ethane production in Canada was at 207.46 Thousand Terajoules. Production saw a consistent decline from 2014 onwards, with a more pronounced decrease over the last two years. Year-on-year, the production fell by 4.08% from 2022 to 2023. The Compound Annual Growth Rate (CAGR) over the last 5 years was -2.87%, indicating a steady contraction in ethane production.

Future trends to watch for:

  • Continued decline in ethane production, with a forecasted 5-year CAGR of -3.69% culminating in a 17.13% decrease by 2028.
  • Potential impacts on industries reliant on ethane, possibly triggering shifts in supply chains and pricing strategies.
  • Possible investments in alternative energy sources and technologies as a response to the declining ethane supply.