The import of petroleum gases and other gaseous hydrocarbons to South Africa is forecasted to show a steady increase from 2024 to 2028. In 2023, the import value stood at 495.00 million USD. Over the next five years, the values are expected to rise, indicating a consistent growth in demand.
Year-on-year variation in import values is estimated as follows:
- 2024 vs. 2023: 3.24%
- 2025 vs. 2024: 3.64%
- 2026 vs. 2025: 3.45%
- 2027 vs. 2026: 3.26%
- 2028 vs. 2027: 3.10%
The compounded annual growth rate (CAGR) over the forecast period from 2024 to 2028 is approximately 3.34%. This indicates an average annual increase in import values.
Future trends to watch for include potential shifts in global energy prices, changes in South Africa's energy policy, and advancements in renewable energy sources that could impact demand for petroleum gases and other gaseous hydrocarbons.
