Angola: Market for Liquefied Petroleum Gas (LPG) 2024

Market Size for Liquefied Petroleum Gas (LPG) in Angola

The Angolan liquefied petroleum gas (LPG) market shrank significantly to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption recorded a noticeable shrinkage. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Production of Liquefied Petroleum Gas (LPG) in Angola

In value terms, liquefied petroleum gas (LPG) production reduced to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, production reached the peak level of $X, and then declined in the following year.

Exports of Liquefied Petroleum Gas (LPG)

Exports from Angola

Liquefied petroleum gas (LPG) exports from Angola skyrocketed to X tons in 2022, growing by X% against the year before. Over the period under review, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, liquefied petroleum gas (LPG) exports rose to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for liquefied petroleum gas (LPG) exports from Angola, accounting for a X% share of total exports. Moreover, liquefied petroleum gas (LPG) exports to China exceeded the volume sent to the second major destination, Spain (X tons), twofold. South Korea (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and South Korea (X% per year).

In value terms, China ($X) remains the key foreign market for liquefied petroleum gas (LPG) exports from Angola, comprising X% of total exports. The second position in the ranking was held by Spain ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Indonesia (X% per year).

Export Prices by Country

The average liquefied petroleum gas (LPG) export price stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the export price recorded a noticeable decline. The pace of growth appeared the most rapid in 2021 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Portugal ($X 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 Indonesia (X%), while the prices for the other major destinations experienced a decline.

Imports of Liquefied Petroleum Gas (LPG)

Imports into Angola

In 2022, overseas purchases of liquefied petroleum gas (LPG) decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports showed a abrupt contraction. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, liquefied petroleum gas (LPG) imports contracted sharply to $X in 2022. Over the period under review, imports saw a deep contraction. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Portugal (X tons) constituted the largest liquefied petroleum gas (LPG) supplier to Angola, with a X% share of total imports. Moreover, liquefied petroleum gas (LPG) imports from Portugal exceeded the figures recorded by the second-largest supplier, Namibia (X tons), threefold. The United States (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Portugal amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Namibia (X% per year) and the United States (X% per year).

In value terms, Portugal ($X) constituted the largest supplier of liquefied petroleum gas (LPG) to Angola, comprising X% of total imports. The second position in the ranking was taken by Namibia ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Portugal amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Namibia (X% per year) and the United States (X% per year).

Import Prices by Country

The average liquefied petroleum gas (LPG) import price stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the import price, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per ton in 2021, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Norway ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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