In 2023, the United Kingdom led Global Total Support for Natural Gas for residential purposes with $3.65 billion, although it saw a 3.42% decline. China experienced a notable 19.8% increase, reaching $1.89 billion. The United States and Ukraine encountered reductions of 6.97% and 0.15%, respectively. Among smaller markets, Belgium and Ireland exhibited impressive growth rates of 12.82% and 5.58%. Conversely, Azerbaijan faced a sharp 20.61% contraction, while Brazil and Hungary saw declines of over 5%. Other countries maintained minimal year-on-year changes.
Future trends to watch include shifting support dynamics in response to geopolitical changes, economic policies, and environmental commitments. Countries aiming to reduce reliance on fossil fuels may lower their support, potentially increasing investment in renewable energy alternatives and impacting the natural gas market.
Top countries in Total Support on Natural Gas for Residential by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 3,650 | 2023 | -3.4% | -3.42% | View data |
| 2 | 2 China | 1,890 | 2023 | +21.98% | +19.8% | View data |
| 3 | 3 Ukraine | 1,870 | 2023 | +9.22% | -0.15% | View data |
| 4 | 4 United States | 1,120 | 2023 | -7.1% | -6.97% | View data |
| 5 | 5 Argentina | 519.3 | 2023 | +17.06% | +8.41% | View data |
| 6 | 6 Belgium | 160.32 | 2023 | +7.21% | +12.82% | View data |
| 7 | 7 Australia | 105.41 | 2023 | +2.13% | +0.85% | View data |
| 8 | 8 Hungary | 97.61 | 2023 | -1.06% | -5.03% | View data |
| 9 | 9 Canada | 93 | 2023 | -0.87% | +0.041% | View data |
| 10 | 10 Czech Republic | 63.19 | 2023 | +0.95% | +1.52% | View data |
