The chemical and petrochemical sector's final consumption of natural gas in Italy has shown significant fluctuations from 2013 to 2023. Starting at 44.09 thousand terajoules in 2013, there was a general downward trend until 2020, bottoming out at 38.04 thousand terajoules. However, 2021 marked a dramatic increase of 86.05%, reaching 70.78 thousand terajoules. In 2023, the consumption stood at 67.73 thousand terajoules, reflecting a year-on-year growth of 11.36%. From 2021 to 2023, the average annual growth rate (CAGR) was 11.43%, indicating a robust recovery phase.
Looking ahead, the forecast suggests a continued upward trajectory in the consumption of natural gas by the sector, reaching 101.25 thousand terajoules by 2028, with a forecasted 5-year CAGR of 6.31%. This consistent increase symbolizes a growing demand in the sector.
Future trends to watch for include technological advances in energy efficiency, shifts towards more sustainable energy sources, and regulatory changes aimed at reducing carbon emissions, which could all impact future natural gas consumption patterns in the chemical and petrochemical sector.