In 2023, the UK held a closing stock of 34.0 thousand metric tons of liquefied petroleum gases. Forecasting from 2024 onwards indicates a steady annual decrease: 30.0 in 2024, down to 14.0 by 2028. This downward trend reflects a consistent reduction of 4.0 thousand metric tons each year, signifying an average annual decline of about 15%. A key insight is the compounded annual growth rate (CAGR) over this forecast period, which suggests an annual average decrease of 15%. The trend suggests increasing reliance on alternative energy sources or more efficient storage and consumption strategies.
Future trends to watch include advancements in LPG technology, government energy policies, and shifts in energy consumption behavior. These factors may influence either further reductions or stabilization of LPG stocks.
