The export volume of liquefied propane from Australia has exhibited variability over the past decade, peaking in 2014 and experiencing a significant dip in 2015. Despite some fluctuations, the overall volume remained relatively stable from 2016 to 2019, before seeing another downturn in 2020. The most recent actual data indicates a slight decrease in 2023, with the volume standing at 468.78 million kilograms. Year-on-year changes have been inconsistent, showcasing both growth and declines at various points. Notably, the compound annual growth rate (CAGR) over the last five years shows minimal fluctuation with a slight overall downward trend.
Looking ahead, forecasted data from 2024 to 2028 suggests a gradual decline in export volumes, with an estimated CAGR of -0.77%. This forecast indicates a modest but consistent decrease in export volumes from 462.33 million kilograms in 2024 to 444.73 million kilograms in 2028, amounting to a cumulative decrease of approximately 3.81% over the forecasted period.
Future trends to watch for include potential impacts from changes in global demand for liquefied propane, shifts in energy policies both domestically and internationally, technological advancements in alternative energy sources, and the overall economic climate which could influence production levels and export capacity.
