Forecast: Chemical and Petrochemical Sector Final Consumption of Natural Gas in Denmark

Over the period from 2013 to 2023, the final consumption of natural gas in the Chemical and Petrochemical Sector in Denmark has shown slight fluctuations. Starting at 4.77 thousand terajoules in 2013, it decreased to 4.23 thousand terajoules in 2020, before slightly rising to 4.63 thousand terajoules by 2023.

The year-on-year variation indicates periods of decline, particularly from 2015 to 2020, with modest recovery post-2020. Notably, the consumption saw a significant rise of 9.15% in 2021, followed by relative stability.

CAGR analysis over the last five years shows an average annual growth rate of 1.54%. Forecast data from 2024 to 2028 predicts a moderate recovery trajectory, with a forecasted five-year CAGR of 0.44% and total five-year growth of 2.22%.

Future trends to watch for include potential impacts from energy policy changes, advancements in alternative energy technology, and shifts in demand from the chemical and petrochemical industry. Monitoring regulatory changes and technological advancements will be crucial for anticipating market dynamics.