The European Liquefied Petroleum Gases (LPG) final consumption in the machinery sector shows notable variations by country. France leads with a value of 67.98 TTOE, followed by Italy (47.94), and Germany (18.99). The year-on-year variations from 2023 to 2024 reflect resilience in some markets, with increases in Bosnia and Herzegovina (8.21%), Denmark (3.53%), and Hungary (3.92%). Conversely, Germany and Bulgaria witnessed notable declines at -8.64% and -8.95%, respectively. Over the last five years, countries like Cyprus reported substantial growth, with a CAGR of 30.49%, indicating a robust trend in LPG consumption for machinery.
For future trends to watch in European LPG consumption within the machinery sector:
- Potential growth in Eastern European countries, driven by industrial expansion.
- Continued decline in Western Europe, particularly in countries transitioning to alternative energy sources.
- Impacts of policy changes and technological advancements on LPG efficiency and consumption.
Top countries in Liquefied Petroleum Gases Final Consumption in Machinery Sector by Country
| # | 10 Countries | Thousand Tonnes Of Oil Equivalent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 67.98 | 2023 | +10.13% | +0.12% | View data |
| 2 | 2 Italy | 47.94 | 2023 | +7.46% | +0.77% | View data |
| 3 | 3 Germany | 18.99 | 2023 | -11.43% | -8.64% | View data |
| 4 | 4 Sweden | 17.07 | 2023 | +3.88% | +0.16% | View data |
| 5 | 5 Finland | 16.26 | 2023 | +9.64% | +0.98% | View data |
| 6 | 6 Portugal | 12.87 | 2023 | +0.64% | -3.6% | View data |
| 7 | 7 Poland | 11.13 | 2023 | +0.95% | -0.11% | View data |
| 8 | 8 Austria | 10.65 | 2023 | +1.5% | -2.41% | View data |
| 9 | 9 Bosnia and Herzegovina | 7.61 | 2023 | +9.09% | +8.21% | View data |
| 10 | 10 Denmark | 7.58 | 2023 | 0% | +3.53% | View data |