Report Update: May 1, 2024

Japan - Liquefied Petroleum Gas (LPG) - Market Analysis, Forecast, Size, Trends And Insights

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Price for Liquefied Petroleum Gas (LPG) in Japan - 2023

Price for Liquefied Petroleum Gas (LPG) in Japan (CIF) - 2023

The average liquefied petroleum gas (LPG) import price stood at $595 per ton in September 2023, picking up by 15% against the previous month. Over the period under review, the import price, however, continues to indicate a slight reduction. Over the period under review, average import prices reached the maximum at $701 per ton in March 2023; however, from April 2023 to September 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Kuwait ($1,264 per ton), while the price for Australia ($565 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Kuwait (+5.6%), while the prices for the other major suppliers experienced a decline.

Price for Liquefied Petroleum Gas (LPG) in Japan (FOB) - 2023

In September 2023, the average liquefied petroleum gas (LPG) export price amounted to $593 per ton, remaining constant against the previous month. In general, the export price, however, saw a slight contraction. The pace of growth was the most pronounced in March 2023 an increase of 16% month-to-month. As a result, the export price attained the peak level of $797 per ton. From April 2023 to September 2023, the the average export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In September 2023, the country with the highest price was South Korea ($643 per ton), while the average price for exports to China totaled $525 per ton.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (-0.6%), while the prices for the other major destinations experienced a decline.

Imports of Liquefied Petroleum Gas (LPG) in Japan

In 2022, imports of liquefied petroleum gas (LPG) into Japan reached 10M tons, picking up by 3.4% on 2021 figures. The total import volume increased at an average annual rate of +3.8% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 22%. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, liquefied petroleum gas (LPG) imports soared to $8B in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +18.0% 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 +80.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 50% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Import of Liquefied Petroleum Gas (LPG) in Japan (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	2,557	2,057	3,490	3,857	14.7%
Iran	954	1,142	1,333	1,581	18.3%
Canada	82.1	229	622	906	122.6%
Australia	402	380	523	824	27.0%
Kuwait	160	115	256	317	25.6%
Qatar	135	105	97.0	118	-4.4%
Saudi Arabia	238	205	107	112	-22.2%
United Arab Emirates	132	50.6	48.0	72.0	-18.3%
Others	227	167	208	236	1.3%
Total	4,888	4,451	6,684	8,022	18.0%

Top Suppliers of Liquefied Petroleum Gas (LPG) to Japan in 2022:

United States (5.9M tons)
Canada (1.4M tons)
Australia (1.1M tons)
Iran (0.8M tons)
Kuwait (0.4M tons)
Saudi Arabia (0.2M tons)
Qatar (0.2M tons)
United Arab Emirates (0.1M tons)

Exports of Liquefied Petroleum Gas (LPG) in Japan

Liquefied petroleum gas (LPG) exports from Japan reduced notably to 150K tons in 2022, which is down by -20.9% compared with the previous year. Overall, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 7.2% against the previous year.

In value terms, liquefied petroleum gas (LPG) exports contracted notably to $103M in 2022. Over the period under review, exports continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 45% against the previous year. As a result, the exports reached the peak of $128M, and then contracted remarkably in the following year.

Export of Liquefied Petroleum Gas (LPG) in Japan (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Korea	81.9	52.6	91.8	73.8	-3.4%
China	24.7	28.8	21.4	17.6	-10.7%
Taiwan (Chinese)	4.2	5.4	13.4	10.8	37.0%
Others	1.6	1.1	0.9	0.6	-27.9%
Total	112	87.9	128	103	-2.8%

Top Export Markets for Liquefied Petroleum Gas (LPG) from Japan in 2022:

South Korea (104.1K tons)
China (31.1K tons)
Taiwan (Chinese) (13.8K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for liquefied petroleum gas (lpg) in Japan. 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:

Japan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Japan
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
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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