The supply of liquefied petroleum gases (LPG) energy in Turkey shows fluctuations in the period from 2013 to 2023. In 2023, the LPG energy supply stood at 140.14 thousand terajoules, which is a marginal increase of 1.05% compared to 2022. This follows a declining trend from 2017 to 2022, including significant drops in 2019 and 2020. The average annual variation over the past five years leading to 2023 has been negative, at -1.59%. Looking forward, the forecasted data suggests a gradual recovery with an expected CAGR of 0.78% from 2023 to 2028, resulting in a 3.97% total growth over the five-year forecast period.
Future trends to watch for include:
- Technological advancements in LPG production and distribution that could increase supply stability.
- Government policies and regulations impacting the energy sector, potentially influencing supply dynamics.
- Shifts in domestic demand for LPG in response to broader energy market changes and consumer behavior.
- External economic factors, such as global energy prices and geopolitical events, which could affect supply and pricing.