Turkey - Liquefied Petroleum Gas (LPG) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Liquefied Petroleum Gas (LPG) in Turkey - 2023
Contents:
- Price for Liquefied Petroleum Gas (LPG) in Turkey (CIF) - 2023
- Price for Liquefied Petroleum Gas (LPG) in Turkey (FOB) - 2023
- Imports of Liquefied Petroleum Gas (LPG) in Turkey
- Exports of Liquefied Petroleum Gas (LPG) in Turkey
Price for Liquefied Petroleum Gas (LPG) in Turkey (CIF) - 2023
In September 2023, the average liquefied petroleum gas (LPG) import price amounted to $559 per ton, surging by 17% against the previous month. Over the period under review, the import price, however, recorded a mild decrease. Over the period under review, average import prices attained the maximum at $712 per ton in February 2023; however, from March 2023 to September 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the countries with the highest prices were Kazakhstan ($567 per ton) and the United States ($563 per ton), while the price for Russia ($545 per ton) and Algeria ($556 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Russia (-1.3%), while the prices for the other major suppliers experienced a decline.
Price for Liquefied Petroleum Gas (LPG) in Turkey (FOB) - 2023
In September 2023, the average liquefied petroleum gas (LPG) export price amounted to $575 per ton, surging by 11% against the previous month. In general, the export price, however, recorded a slight downturn. The growth pace was the most rapid in August 2023 an increase of 22% against the previous month. Over the period under review, the average export prices attained the peak figure at $718 per ton in February 2023; however, from March 2023 to September 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In September 2023, the highest price was recorded for prices to Ukraine ($599 per ton) and Lebanon ($585 per ton), while the average price for exports to Syrian Arab Republic ($539 per ton) and Cyprus ($545 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Tunisia (+0.1%), while the prices for the other major destinations experienced a decline.
Imports of Liquefied Petroleum Gas (LPG) in Turkey
For the fourth year in a row, Turkey recorded growth in overseas purchases of liquefied petroleum gas (LPG), which increased by 3.7% to 3.3M tons in 2022. The total import volume increased at an average annual rate of +13.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 37%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, liquefied petroleum gas (LPG) imports surged to $2.4B in 2022. Over the period under review, imports posted a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 71% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the near future.
Import of Liquefied Petroleum Gas (LPG) in Turkey (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Algeria | 583 | 413 | 809 | 1,074 | 22.6% |
United States | 399 | 490 | 842 | 957 | 33.9% |
Kazakhstan | 190 | 145 | 160 | 192 | 0.3% |
Russia | 53.8 | 13.6 | 19.7 | 146 | 39.5% |
Norway | 101 | 82.8 | 97.6 | 36.7 | -28.6% |
Others | 47.6 | 31.1 | 81.8 | 29.9 | -14.4% |
Total | 1,376 | 1,175 | 2,010 | 2,435 | 21.0% |
Top Suppliers of Liquefied Petroleum Gas (LPG) to Turkey in 2022:
- Algeria (1455.3K tons)
- United States (1320.4K tons)
- Kazakhstan (247.2K tons)
- Russia (203.6K tons)
- Norway (56.4K tons)
Exports of Liquefied Petroleum Gas (LPG) in Turkey
In 2022, approx. 546K tons of liquefied petroleum gas (LPG) were exported from Turkey; growing by 60% compared with 2021. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +18.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.9% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, liquefied petroleum gas (LPG) exports surged to $411M in 2022. Overall, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Liquefied Petroleum Gas (LPG) in Turkey (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Lebanon | 11.1 | 17.1 | 79.3 | 143 | 134.4% |
Tunisia | 29.1 | 20.8 | 52.0 | 115 | 58.1% |
Bulgaria | 0.3 | 0.6 | 17.7 | 32.6 | 377.2% |
Cyprus | 11.6 | 11.0 | 13.2 | 27.6 | 33.5% |
Syrian Arab Republic | 37.1 | 36.9 | 39.3 | 26.0 | -11.2% |
Romania | N/A | 0.5 | 12.0 | 20.9 | 546.5% |
Greece | 6.0 | 5.5 | 0.8 | 13.8 | 32.0% |
United States | 49.1 | 21.2 | N/A | N/A | -56.8% |
Others | 38.1 | 55.2 | 13.6 | 31.8 | -5.8% |
Total | 182 | 169 | 228 | 411 | 31.2% |
Top Export Markets for Liquefied Petroleum Gas (LPG) from Turkey in 2022:
- United States (undefinedK tons)
- Lebanon (190.3K tons)
- Tunisia (157.5K tons)
- Bulgaria (47.1K tons)
- Cyprus (37.8K tons)
- Syrian Arab Republic (33.1K tons)
- Romania (27.1K tons)
- Greece (18.4K tons)
This report provides an in-depth analysis of the market for liquefied petroleum gas (lpg) in Turkey. 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:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the market for liquefied petroleum gas (lpg) in Turkey.
This report provides an in-depth analysis of the global market for liquefied petroleum gas (lpg).
Global Ph And Rh Meter Market Report 2018. This report provides an in-depth analysis of the global market for ph and rh meter.
This report provides an in-depth analysis of the market for liquefied petroleum gas (lpg) in Turkey.
This report provides an in-depth analysis of the global market for liquefied petroleum gas (lpg).
Explore the top import markets for Liquefied Petroleum Gas (LPG) in 2023. Discover key statistics and trends in the global LPG market.
Explore the top import markets for Liquefied Petroleum Gas (LPG) in 2023. Discover key statistics and trends in the global LPG market.