In 2023, the final consumption of liquefied petroleum gases (LPG) in the industry in Austria stood at 1032 Terajoules. The forecast data indicates a year-on-year decrease, with the values for 2024, 2025, 2026, 2027, and 2028 being 983.55, 934.23, 885.46, 837.24, and 789.56 Terajoules, respectively. The year-on-year percentage variations are as follows:
- 2024: -4.70%
- 2025: -5.01%
- 2026: -5.22%
- 2027: -5.44%
- 2028: -5.68%
Over the last two years, we observe a declining trend in LPG consumption. Reviewing the compounded annual growth rate (CAGR) for the forecasted period from 2024 to 2028, there is an average decrease of 5.21% per year.
Future trends to watch for include potential further decreases in industrial LPG consumption due to advancements in energy efficiency, adoption of alternative energy sources, and possible regulatory changes aimed at reducing carbon footprints.