Algeria: Market for Liquefied Petroleum Gas (LPG) 2022

Market Size for Liquefied Petroleum Gas (LPG) in Algeria

The Algerian liquefied petroleum gas (LPG) market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption showed a buoyant increase. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Production of Liquefied Petroleum Gas (LPG) in Algeria

In value terms, liquefied petroleum gas (LPG) production skyrocketed to $X in 2021 estimated in export price. In general, production, however, showed a pronounced slump. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Liquefied Petroleum Gas (LPG)

Exports from Algeria

In 2021, approx. X tons of liquefied petroleum gas (LPG) were exported from Algeria; surging by 3.9% compared with the previous year. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by 24%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, liquefied petroleum gas (LPG) exports skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a abrupt curtailment. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Turkey (X tons), Italy (X tons) and France (X tons) were the main destinations of liquefied petroleum gas (LPG) exports from Algeria, with a combined 68% share of total exports. These countries were followed by Spain, Morocco, China, Sweden and Egypt, which together accounted for a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +20.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for liquefied petroleum gas (LPG) exported from Algeria were Italy ($X), Turkey ($X) and Spain ($X), together accounting for 65% of total exports. France, Morocco, China, Sweden and Egypt lagged somewhat behind, together comprising a further 26%.

In terms of the main countries of destination, China, with a CAGR of +16.7%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average liquefied petroleum gas (LPG) export price stood at $X per ton in 2021, increasing by 38% against the previous year. Over the period under review, the export price, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 41%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per ton), while the average price for exports to Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (-3.0%), while the prices for the other major destinations experienced a decline.

Imports of Liquefied Petroleum Gas (LPG)

Imports into Algeria

In 2021, supplies from abroad of liquefied petroleum gas (LPG) was finally on the rise to reach X tons after two years of decline. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 304%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, liquefied petroleum gas (LPG) imports surged to $X in 2021. Overall, imports recorded a resilient increase. The pace of growth was the most pronounced in 2018 when imports increased by 375% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Russia (X tons) and Kazakhstan (X tons) were the main suppliers of liquefied petroleum gas (LPG) imports to Algeria.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +167.3%).

In value terms, Russia ($X) and Kazakhstan ($X) constituted the largest liquefied petroleum gas (LPG) suppliers to Algeria.

Among the main suppliers, Russia, with a CAGR of +118.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The average liquefied petroleum gas (LPG) import price stood at $X per ton in 2021, picking up by 29% against the previous year. Over the period under review, the import price, however, showed a drastic downturn. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Kazakhstan ($X per ton), while the price for Russia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (-4.6%).

Source: IndexBox Market Intelligence Platform

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