Report Update: Apr 1, 2024

Hong Kong SAR, China - Liquefied Petroleum Gas (LPG) - Market Analysis, Forecast, Size, Trends And Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Price for Liquefied Petroleum Gas (LPG) in Hong Kong SAR - 2023

Price for Liquefied Petroleum Gas (LPG) in Hong Kong SAR (CIF) - 2023

In September 2023, the average liquefied petroleum gas (LPG) import price amounted to $605 per ton, flattening at the previous month. Overall, the import price, however, recorded a mild setback. The most prominent rate of growth was recorded in August 2023 when the average import price increased by 20% against the previous month. Over the period under review, average import prices reached the maximum at $851 per ton in March 2023; however, from April 2023 to September 2023, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was Malaysia ($687 per ton), while the price for China stood at $595 per ton.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (-1.8%).

Price for Liquefied Petroleum Gas (LPG) in Hong Kong SAR (FOB) - 2022

The average liquefied petroleum gas (LPG) export price stood at $1,905 per ton in 2022, increasing by 3.6% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 15%. The export price peaked at $1,998 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($6,825 per ton), while the average price for exports to South Africa ($59 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+14.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Liquefied Petroleum Gas (LPG) in Hong Kong SAR

In 2022, approx. 286K tons of liquefied petroleum gas (LPG) were imported into Hong Kong SAR; waning by -6.9% against 2021. Over the period under review, imports continue to indicate a deep setback. The growth pace was the most rapid in 2021 with an increase of 0.5% against the previous year.

In value terms, liquefied petroleum gas (LPG) imports rose slightly to $237M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +8.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 43% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Liquefied Petroleum Gas (LPG) in Hong Kong SAR (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	176	154	222	231	9.5%
Others	11.3	4.6	5.0	5.6	-20.9%
Total	187	159	227	237	8.2%

Top Suppliers of Liquefied Petroleum Gas (LPG) to Hong Kong SAR in 2022:

China (284.3K tons)

Exports of Liquefied Petroleum Gas (LPG) in Hong Kong SAR

In 2022, approx. 133 tons of liquefied petroleum gas (LPG) were exported from Hong Kong SAR; waning by -14.9% on the previous year. Overall, exports recorded a abrupt descent. The pace of growth appeared the most rapid in 2021 when exports increased by 42%.

In value terms, liquefied petroleum gas (LPG) exports fell to $252K in 2022. In general, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 when exports increased by 31% against the previous year.

Export of Liquefied Petroleum Gas (LPG) in Hong Kong SAR (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Macao SAR	80.2	75.9	49.4	67.8	-5.4%
United Kingdom	44.4	11.9	33.7	41.3	-2.4%
Brazil	58.7	24.3	21.8	29.5	-20.5%
China	4.6	2.6	8.6	23.7	72.7%
Malaysia	14.3	9.5	13.3	19.5	10.9%
Vietnam	27.8	47.0	10.4	13.0	-22.4%
United Arab Emirates	12.5	6.8	6.7	9.3	-9.4%
Japan	17.3	7.2	17.5	5.8	-30.5%
Israel	9.8	5.0	6.0	5.5	-17.5%
Canada	4.8	3.1	8.1	4.9	0.7%
Philippines	14.1	3.9	12.1	2.7	-42.4%
South Africa	1.6	0.7	1.8	0.8	-20.6%
Bahamas	5.9	N/A	N/A	N/A	0%
Others	82.9	20.6	97.1	28.6	-29.9%
Total	379	219	286	252	-12.7%

Top Export Markets for Liquefied Petroleum Gas (LPG) from Hong Kong SAR in 2022:

Macao SAR (35.5 tons)
Israel (28.7 tons)
South Africa (14.4 tons)
Malaysia (11.6 tons)
Vietnam (9.2 tons)
Canada (7.3 tons)
China (7.2 tons)
United Kingdom (6.1 tons)
Brazil (2.3 tons)
United Arab Emirates (1.9 tons)
Japan (1.7 tons)
Philippines (1.2 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for liquefied petroleum gas (lpg) in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023