Forecast: Liquefied Petroleum Gases Imports to Finland

Analyzing the liquefied petroleum gases (LPG) import data for Finland from 2013 to 2023 reveals several trends. In 2023, LPG imports stood at 12.05 thousand Gigawatthours. The data from 2013 to 2023 indicate fluctuating trends, with significant growth periods such as in 2014 (12.7%) and stabilization phases such as in 2020 (1.7%). Over the past two years, 2021 and 2022, there has been consistent yet moderate growth of 5.01% and 3.23%, respectively. The most recent year-on-year change in 2023 is 3.11%. The five-year compounded annual growth rate (CAGR) from 2018 to 2023 is 3.6%.

Future trends to watch for include the forecasted steady rise in LPG imports, projected to reach 13.81 thousand Gigawatthours by 2028, reflecting an average annual growth rate of 2.17% over the next five years. Key factors potentially influencing these trends include advancements in energy technologies, Finland’s energy policies, and global LPG supply and pricing dynamics.

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