The gas supply value added in Australia is projected to decline steadily over the coming years according to the forecasted data. In 2023, the value stood at 2.56 billion Australian dollars. From 2024 onwards, the value is expected to decrease at a steady rate: 2.52 billion AUD in 2024, 2.48 billion AUD in 2025, 2.44 billion AUD in 2026, 2.4 billion AUD in 2027, and 2.36 billion AUD in 2028.
Year-on-year variations indicate a decreasing trend:
- 2024: -1.56%
- 2025: -1.59%
- 2026: -1.60%
- 2027: -1.64%
- 2028: -1.67%
The compound annual growth rate (CAGR) over the forecasted period is -1.61% per year.
Future trends to watch for include potential shifts in government policies regarding fossil fuels, technological advancements in renewable energy, and global market dynamics that could impact gas supply value. Monitoring these factors will be crucial for anticipating changes in the sector.
