Africa: Market for Liquefied Petroleum Gas (LPG) 2024

Market Size for Liquefied Petroleum Gas (LPG) in Africa

The African liquefied petroleum gas (LPG) market contracted slightly to $X in 2022, reducing by X% against the previous year. The total consumption indicated mild growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. As a result, consumption reached the peak level of $X, and then reduced slightly in the following year.

Production of Liquefied Petroleum Gas (LPG) in Africa

In value terms, liquefied petroleum gas (LPG) production reduced to $X in 2022 estimated in export price. Over the period under review, production saw a perceptible downturn. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Liquefied Petroleum Gas (LPG)

Exports in Africa

For the third year in a row, Africa recorded growth in shipments abroad of liquefied petroleum gas (LPG), which increased by X% to X tons in 2022. Over the period under review, exports recorded prominent growth. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, liquefied petroleum gas (LPG) exports rose slightly to $X in 2022. Overall, exports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Madagascar represented the key exporting country with an export of about X tons, which resulted at X% of total exports. It was distantly followed by Algeria (X tons), generating a X% share of total exports. Angola (X tons), Nigeria (X tons) and Libya (X tons) followed a long way behind the leaders.

Madagascar was also the fastest-growing in terms of the liquefied petroleum gas (LPG) exports, with a CAGR of X% from 2012 to 2022. At the same time, Angola (X%) displayed positive paces of growth. Libya experienced a relatively flat trend pattern. By contrast, Algeria (X%) and Nigeria (X%) illustrated a downward trend over the same period. Madagascar (X p.p.) significantly strengthened its position in terms of the total exports, while Libya, Nigeria and Algeria saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Algeria ($X) remains the largest liquefied petroleum gas (LPG) supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Angola ($X), with an X% share of total exports. It was followed by Nigeria, with an X% share.

In Algeria, liquefied petroleum gas (LPG) exports shrank by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Angola (X% per year) and Nigeria (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, with an increase of X% against the previous year. In general, the export price, however, recorded a abrupt downturn. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Angola ($X per ton), while Madagascar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Angola (X%), while the other leaders experienced a decline in the export price figures.

Imports of Liquefied Petroleum Gas (LPG)

Imports in Africa

In 2022, liquefied petroleum gas (lpg) imports in Africa reduced to X tons, remaining relatively unchanged against 2021 figures. Total imports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, leveling off in the following year.

In value terms, liquefied petroleum gas (LPG) imports expanded remarkably to $X in 2022. In general, imports, however, continue to indicate mild growth. The growth pace was the most rapid in 2021 when imports increased by X%. The level of import peaked in 2022 and is likely to continue growth in the near future.

Imports by Country

In 2022, Morocco (X tons), distantly followed by Egypt (X tons), South Africa (X tons), Tunisia (X tons) and Cote d'Ivoire (X tons) were the key importers of liquefied petroleum gas (LPG), together generating X% of total imports. The following importers - Kenya (X tons), Algeria (X tons), Tanzania (X tons), Senegal (X tons), Togo (X tons) and Burkina Faso (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Kenya (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest liquefied petroleum gas (LPG) importing markets in Africa were Morocco ($X), Egypt ($X) and South Africa ($X), together accounting for X% of total imports. Tunisia, Kenya, Cote d'Ivoire, Burkina Faso, Senegal, Tanzania, Algeria and Togo lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Kenya, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price, however, showed a pronounced contraction. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Burkina Faso ($X per ton), while Togo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Burkina Faso (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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