The forecast for the UK’s liquefied petroleum gases (LPG) final consumption in the food, beverages, and tobacco sectors indicates a noticeable upward trend from 2024 to 2028. Consumption is projected to increase from 85.13 thousand tonnes of oil equivalent in 2024 to 102.98 by 2028. The year-on-year growth is approximately 5.4% in both 2025 and 2026, 4.7% in 2027, and 4.4% in 2028. Over the 5-year period, the compound annual growth rate (CAGR) is estimated at 4.87%.
Future trends to monitor include:
- Shifts in UK energy policies impacting LPG demand.
- Innovations in sustainable practices within these industries.
- Market responses to economic conditions and energy prices.
