The forecast for the final consumption of liquefied petroleum gases (LPG) in the mining and quarrying sector in Italy indicates a gradual increase from 2024 to 2028. In 2023, the consumption stood at approximately 2.35 thousand tonnes of oil equivalent. The yearly growth from 2024 to 2028 shows a modest and steady rise, reflecting a stable demand within the sector.
- 2024-2025: 0.84% growth- 2025-2026: 0.84% growth- 2026-2027: 0.83% growth- 2027-2028: 0.41% growth
The Compound Annual Growth Rate (CAGR) over the forecasted period from 2024 to 2028 is approximately 0.67%, suggesting a consistent yet restrained expansion.
Future trends to watch include technological advancements in the mining and quarrying processes that might impact LPG requirements. Additionally, any regulatory changes or shifts toward alternative fuels in industrial applications could also alter future consumption patterns.
