Forecast: Liquefied Petroleum Gases Final Consumption in Machinery Sector in Austria

The data indicates a minor year-on-year decline in Liquefied Petroleum Gases (LPG) consumption in Austria's machinery sector, starting from 10.59 Thousand Tonnes of Oil Equivalent (ktoe) in 2024, decreasing consistently to 10.36 ktoe by 2028. The consumption in 2023 stood at 10.64 ktoe, implying a slight reduction through to 2024. The average annual decline (CAGR) over the five years from 2023 to 2028 is approximately -0.53%.

Future trends to watch for:

  • Potential shifts in energy policies influencing LPG demand in the machinery sector.
  • Adoption of alternative energy sources or technologies that could further affect LPG consumption.
  • Economic factors impacting machinery production and its consequent energy requirements.