The forecast for UK imports of Liquefied Petroleum Gases (LPG) reveals a gradual increase from 1.12 million tonnes of oil equivalent in 2024 to 1.22 million in 2028. This indicates a steady upward trend in LPG imports over the five-year period.
Key points about variations:
- From 2024 to 2025, the imports are forecasted to grow by 1.79%.
- An increase of 2.63% is expected from 2025 to 2026.
- A rise of 2.56% is anticipated from 2026 to 2027.
- From 2027 to 2028, the growth rate is projected at 1.67%.
The compound annual growth rate (CAGR) from 2024 to 2028 is expected to be around 2%.
Future trends to watch include advancements in energy efficiency and shifts towards alternative energy sources, which could impact the LPG import landscape. Additionally, geopolitical and economic factors must be monitored as they influence global energy trade dynamics.
