In 2023, the actual gross inland consumption of liquefied petroleum gases in Germany stood at approximately 1.22 million tonnes of oil equivalent. Forecasted values indicate a gradual increase, reaching 1.29 by 2028. The year-on-year growth rates show consistent increments around 0.79% to 0.83%, reflecting a steady upward trend. The compound annual growth rate (CAGR) for this period is approximately 1.14%, indicating moderate growth.
Future trends to watch for:
- Potential impact of Germany's energy transition policies on LPG consumption.
- Technological advancements in storage and distribution that may enhance efficiency and reduce costs.
- Changes in industrial demand influenced by economic factors or shifts to alternative energy sources.