The final consumption of natural gas in Germany's chemical and petrochemical sector stood at 64.62 Thousand Gigawatthours in 2023. Over the past two years, the sector observed minimal variations: a 1.12% increase in 2022 and a 0.76% rise in 2023. The compounded annual growth rate (CAGR) over the last five years averaged to 0.6%, indicating overall stability with minor fluctuations. Year-on-year variations from 2013 to 2023 reflect a mix of gradual declines and recoveries, with notable peaks in 2016, 2017, and 2020 due to specific market dynamics.
Future forecasts suggest an incremental rise, with a 5-year CAGR of 0.57% projected, anticipating consumption to reach 66.97 Thousand Gigawatthours by 2028, marking an overall growth rate of 2.88% from 2023. Over the long term, trends to watch include regulatory impacts, technological advancements in energy efficiency, and potential shifts towards sustainable energy sources that could influence natural gas demand in the sector.