Liquefied Petroleum Gases (LPG) available for final consumption in Turkey stood at 4.49 million tonnes of oil equivalent in 2023. Over the last decade, from 2013 to 2023, the data show fluctuating growth with a peak in 2016. The year-on-year variation for 2023 was 0.8%, while the previous year was lower, suggesting a slight upward momentum. The Compound Annual Growth Rate (CAGR) over the last five years (2019-2023) was -0.72%, indicating a general downward trend in recent years. However, the forecast from 2024 to 2028 shows a modest recovery with a forecasted 5-year CAGR of 0.56% and a total growth rate of 2.83% for the period.
Future trends to watch for include regulatory changes, advancements in LPG technology, and shifts in consumer demand towards more sustainable energy sources, which could impact LPG consumption patterns in Turkey. Monitoring economic conditions, global energy markets, and domestic energy policies will be crucial for understanding the trajectory of LPG consumption in the coming years.