The forecast for liquefied petroleum gases (LPG) imports to Germany shows a consistent upward trend from 2024 to 2028, beginning at 1.51 million tonnes of oil equivalent and reaching 1.57 million by 2028. This represents a year-on-year growth, from 2024 through 2028, ranging between approximately 1.3% to 1.4%. The compound annual growth rate (CAGR) over these five years stands at roughly 1.0%. In 2023, the import value was slightly below that of 2024, indicating a steady increase in demand or reliance on LPG imports.
Future trends to watch for include:
- Fluctuations in global LPG prices affecting import costs and demand.
- Germany’s energy transition policies potentially impacting LPG import volumes.
- Technological improvements in LPG usage efficiency reducing overall import necessity.
- Geopolitical factors altering supply chain dynamics and availability.