From 2013 to 2023, Liquefied Petroleum Gases (LPG) consumption by households in Turkey exhibited significant fluctuations. The value stood at 370.46 Thousand Tonnes of Oil Equivalent (ktoe) in 2023. Notably, consumption peaked in 2013 before undergoing a considerable decline, especially between 2015 and 2019. The year 2020 saw a temporary surge due to external factors, followed by a gradual decline leading up to 2023. The year-on-year variations over the last two years showed a decrease of 9.38% in 2022 and a further decrease of 4.91% in 2023. The CAGR from 2019 to 2023 was 11.82%, indicating a modest growth trend driven by the 2020 spike.
Future trends from 2024 to 2028 suggest a continued decline in household LPG consumption, with a forecasted five-year CAGR of -3.84% and an overall reduction of 17.8% over the period. Factors influencing this trend could include increased energy efficiency, alternative energy adoption, and economic considerations.
Key future trends to watch for:
- Adoption of alternative energy sources such as natural gas and renewable energy.
- Policies promoting energy efficiency and reducing carbon footprint.
- Economic shifts affecting household energy consumption patterns.
- Technological advancements in energy storage and distribution.