The gross inland consumption of Liquefied Petroleum Gases (LPG) in Italy stood at 2.22 million tonnes of oil equivalent in 2023, showing a slight increase of 1.22% year-on-year. Over the past decade, consumption has demonstrated modest fluctuations with a mixed trend of minor growth and decline, evident in the positive variation of CAGR over the early years followed by a decrease in later years. Specifically, between 2019 and 2023, the CAGR averaged at -0.55%, indicating a generally stable yet slightly declining market.
From 2024 onwards, forecast data suggest a gradual increase in LPG consumption, reaching 2.34 million tonnes by 2028. The forecasted CAGR over the next five years stands at 0.9%, reflecting a stable yet modest growth rate of 4.59% in total consumption. Key trends to watch for in the future include developments in energy policies, technological advancements in energy efficiency, and potential shifts towards renewable sources, which could influence LPG consumption volumes.
