The final consumption of Liquefied Petroleum Gases (LPG) in the industrial sector in Turkey stood at 4.87 Thousand Terajoules in 2023. Over the last two years, there has been a steady year-on-year increase of 2.46% from 2022 to 2023. The annual average growth (CAGR) over the past five years has been slightly negative at -1.79%, indicating a general decline in consumption.
Historical data highlights significant fluctuations, such as a sharp decline by -39.82% in 2013, followed by a notable increase of 22.45% in 2017, demonstrating the variable nature of LPG consumption. Looking forward to the forecasted data from 2024 to 2028, there's an expected slow growth with a 5-year CAGR of 1.46%, predicting a final consumption increase to 5.34 Thousand Terajoules in 2028.
**Future trends to watch for:**
- Energy efficiency improvements in the industrial sector.
- Shift towards alternative energy sources.
- Policy and regulatory changes affecting LPG pricing and consumption.
- Technological advancements in industrial applications of LPG.