Australia and Oceania: Market for Liquefied Petroleum Gas (LPG) 2022

Market Size for Liquefied Petroleum Gas (LPG) in Australia and Oceania

In 2021, the liquefied petroleum gas (LPG) market in Australia and Oceania decreased by -10.6% to $X, falling for the second year in a row after three years of growth. Overall, consumption faced a abrupt slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Liquefied Petroleum Gas (LPG) in Australia and Oceania

In value terms, liquefied petroleum gas (LPG) production declined rapidly to $X in 2021 estimated in export price. In general, production continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2020 when the production volume increased by 20%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Liquefied Petroleum Gas (LPG)

Exports in Australia and Oceania

In 2021, shipments abroad of liquefied petroleum gas (LPG) increased by 19% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports recorded strong growth. The most prominent rate of growth was recorded in 2020 when exports increased by 221% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, liquefied petroleum gas (LPG) exports skyrocketed to $X in 2021. In general, exports posted a slight expansion. The most prominent rate of growth was recorded in 2020 with an increase of 174% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in the near future.

Exports by Country

The biggest shipments were from Australia (X tons), together resulting at 99% of total export.

Australia was also the fastest-growing in terms of the liquefied petroleum gas (LPG) exports, with a CAGR of +6.5% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest liquefied petroleum gas (LPG) supplier in Australia and Oceania.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia totaled +1.0%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, picking up by 31% against the previous year. Over the period under review, the export price, however, saw a deep contraction. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2021, the rate of growth in terms of prices for Australia amounted to -5.1% per year.

Imports of Liquefied Petroleum Gas (LPG)

Imports in Australia and Oceania

In 2021, the amount of liquefied petroleum gas (LPG) imported in Australia and Oceania soared to X tons, jumping by 141% on the year before. Over the period under review, imports showed a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, liquefied petroleum gas (LPG) imports surged to $X in 2021. Overall, imports, however, continue to indicate a pronounced descent. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Australia prevails in imports structure, amounting to X tons, which was near 92% of total imports in 2021. New Zealand (X tons) took a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to liquefied petroleum gas (LPG) imports into Australia stood at +15.1%. At the same time, New Zealand (+18.6%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +18.6% from 2012-2021. Australia (+6 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported liquefied petroleum gas (LPG) in Australia and Oceania, comprising 72% of total imports. The second position in the ranking was held by New Zealand ($X), with a 10% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Australia amounted to -5.7%.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, dropping by -37.6% against the previous year. In general, the import price saw a abrupt setback. The most prominent rate of growth was recorded in 2017 when the import price increased by 26%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was New Zealand ($X per ton), while Australia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (-8.4%).

Source: IndexBox Market Intelligence Platform

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