Analyzing the consumption of Liquefied Petroleum Gases (LPG) in the agriculture and forestry sectors in Finland, we observe substantial fluctuations over the years. From 2013 to 2018, there was a steady decline in consumption, with significant drops in 2015 and 2018. However, the trend shifted upwards in 2021, where a near doubling of consumption was noted. This rebound was short-lived as 2022 saw a decrease, though 2023 showed slight growth, positioning the consumption at 3.99 Thousand Tonnes of Oil Equivalent.
For the forecast period from 2024 to 2028, consumption is expected to grow steadily, albeit modestly, with a forecasted five-year Compound Annual Growth Rate (CAGR) of 0.77% and an overall projected growth rate of 3.89% by the end of 2028. This indicates a stabilization in the consumption pattern following the previous decade's volatility.
Future trends to watch in the LPG consumption in Finland's agriculture and forestry sectors include potential impacts of technological advancements, policy shifts towards sustainable energy sources, and market dynamics influenced by broader economic conditions. These could either bolster consumption through enhanced efficiency or curtail it as alternative energy sources gain prominence.
