Poland's liquefied petroleum gases (LPG) refinery output has demonstrated a steady upward trend from 2013 to 2023, with only a few exceptions. In 2013, the output stood at 602.08 thousand tonnes of oil equivalent, gradually increasing to 745.31 in 2023. The period from 2013 to 2017 experienced fluctuations, highlighted by a significant dip in 2017 with a year-on-year decline of -9.25%. However, the output rebounded robustly with an average compound annual growth rate (CAGR) of 2.32% over the past five years, reflecting a resilient market.
Notable Year-on-Year variations include:
- 2013-2014: +1.67%
- 2016-2017: -9.25%
- 2017-2018: +10.9%
- 2020-2021: -1.19%
- 2022-2023: +1.92%
Forecast data from 2024 to 2028 indicates continued growth, projecting an output of 812.57 thousand tonnes by 2028, with a forecasted 5-year CAGR of 1.37%, totaling a 7.04% overall growth rate by 2028. This suggests a stabilization in growth rates with a more moderated increase compared to previous years.
Future trends to watch for include the impact of renewable energy adoption, regulatory changes, and technological advancements in refining processes. Monitoring these variables will be crucial for accurately projecting future LPG refinery outputs.
