Belarus: Market for Liquefied Petroleum Gas (LPG) 2024

Market Size for Liquefied Petroleum Gas (LPG) in Belarus

After three years of decline, the Belarusian liquefied petroleum gas (LPG) market increased by X% to $X in 2022. In general, consumption, however, continues to indicate a noticeable decrease. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Liquefied Petroleum Gas (LPG) in Belarus

In value terms, liquefied petroleum gas (LPG) production shrank to $X in 2022 estimated in export price. In general, production, however, saw a perceptible curtailment. The pace of growth appeared the most rapid in 2021 with an increase of X%. 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 from Belarus

In 2022, the amount of liquefied petroleum gas (LPG) exported from Belarus contracted to X tons, with a decrease of X% compared with the previous year's figure. In general, exports saw a slight decrease. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, liquefied petroleum gas (LPG) exports declined dramatically to $X in 2022. Over the period under review, exports showed a deep downturn. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ukraine (X tons) was the main destination for liquefied petroleum gas (LPG) exports from Belarus, with a X% share of total exports. Moreover, liquefied petroleum gas (LPG) exports to Ukraine exceeded the volume sent to the second major destination, Russia (X tons), ninefold. The third position in this ranking was taken by Poland (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Ukraine stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Poland (X% per year).

In value terms, Ukraine ($X) remains the key foreign market for liquefied petroleum gas (LPG) exports from Belarus, comprising X% of total exports. The second position in the ranking was taken by Poland ($X), with a X% share of total exports. It was followed by Russia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Ukraine amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Russia (X% per year).

Export Prices by Country

The average liquefied petroleum gas (LPG) export price stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the export price recorded a deep setback. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Poland ($X per ton) and Russia ($X per ton), while the average price for exports to Serbia ($X per ton) and Ukraine ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (X%), while the prices for the other major destinations experienced a decline.

Imports of Liquefied Petroleum Gas (LPG)

Imports into Belarus

In 2022, after three years of decline, there was significant growth in purchases abroad of liquefied petroleum gas (LPG), when their volume increased by X% to X tons. Overall, imports, however, continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, liquefied petroleum gas (LPG) imports rose notably to $X in 2022. Over the period under review, imports, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2017 with an increase of X%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Russia (X tons) was the main supplier of liquefied petroleum gas (LPG) to Belarus, with a X% share of total imports. Moreover, liquefied petroleum gas (LPG) imports from Russia exceeded the figures recorded by the second-largest supplier, Kazakhstan (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia totaled X%.

In value terms, Russia ($X) constituted the largest supplier of liquefied petroleum gas (LPG) to Belarus, comprising X% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with an X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Russia totaled X%.

Import Prices by Country

In 2022, the average liquefied petroleum gas (LPG) import price amounted to $X per ton, shrinking by X% against the previous year. Overall, the import price saw a mild setback. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while the price for Russia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%).

Source: IndexBox Platform

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