Forecast: Liquefied Petroleum Gases Available for Final Consumption in Austria

The availability of Liquefied Petroleum Gases (LPG) for final consumption in Austria has exhibited a declining trend from 2013 to 2023. Notably, in 2023, the volume stood at 3.59 thousand terajoules. The year-on-year variation for 2022 was -2.81%, followed by -2.07% in 2023. Over the last five years, the compound annual growth rate (CAGR) averaged at -1.25%. The forecast indicates a continued decline, with a forecasted 5-year CAGR of -1.71%, leading to an anticipated 8.26% decrease by 2028.

Future trends to watch for include potential shifts in energy policy, technological advancements in alternative energy sources, and economic factors influencing LPG consumption. The rise of renewable energy and stricter environmental regulations may further suppress LPG demand.