From 2013 to 2023, the import of liquefied propane to the Netherlands shows significant fluctuations. Starting from 1.38 billion USD in 2013, imports rose to 1.4798 billion USD in 2014, marking a 7.23% year-on-year increase. However, in 2015, imports dropped drastically by 41.52% to 0.8654 billion USD. Subsequent years saw varied performance, including an 86.1% surge in 2018, followed by a decline of 10.01% in 2019. The import value picked up pace again in 2021 with an 18.62% increase to 1.4335 billion USD. By 2023, the value stood at 1.6117 billion USD, reflecting a moderated increase of 3.26%.
The compound annual growth rate (CAGR) over the past five years (2019-2023) was 0.68%, indicating modest overall growth. For the forecasted period from 2024 to 2028, a steady growth trend is expected with a CAGR of 2.42% and an overall growth rate of 12.68%, leading to projected values of 1.8729 billion USD by 2028.
Future trends to watch for include potential market shifts due to environmental policies, advancements in renewable energy technologies, and geopolitical dynamics affecting the supply chain of liquefied propane. An increased focus on sustainable energy sources may impact the import volumes and growth rates in the upcoming years.
