Central Asia: Market for Liquefied Petroleum Gas (LPG) 2024

Market Size for Liquefied Petroleum Gas (LPG) in Central Asia

For the third consecutive year, the Central Asian liquefied petroleum gas (LPG) market recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption continues to indicate a remarkable increase. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Production of Liquefied Petroleum Gas (LPG) in Central Asia

In value terms, liquefied petroleum gas (LPG) production fell to $X in 2022 estimated in export price. In general, production showed a slight decline. The growth pace was the most rapid in 2021 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Liquefied Petroleum Gas (LPG)

Exports in Central Asia

For the third year in a row, Central Asia recorded decline in overseas shipments of liquefied petroleum gas (LPG), which decreased by X% to X tons in 2022. Over the period under review, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, liquefied petroleum gas (LPG) exports dropped to $X in 2022. Overall, exports showed a deep reduction. The growth pace was the most rapid in 2017 with an increase of X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Kazakhstan (X tons) was the key exporter of liquefied petroleum gas (LPG) in Central Asia, comprising X% of total export.

Kazakhstan was also the fastest-growing in terms of the liquefied petroleum gas (LPG) exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) also remains the largest liquefied petroleum gas (LPG) supplier in Central Asia.

From 2012 to 2022, the average annual growth rate of value in Kazakhstan amounted to X%.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, surging by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Kazakhstan amounted to X% per year.

Imports of Liquefied Petroleum Gas (LPG)

Imports in Central Asia

In 2022, the amount of liquefied petroleum gas (LPG) imported in Central Asia reduced to X tons, dropping by X% on the previous year. Total imports indicated a measured expansion 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. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2021, and then contracted in the following year.

In value terms, liquefied petroleum gas (LPG) imports declined notably to $X in 2022. Over the period under review, imports, however, posted perceptible growth. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then dropped rapidly in the following year.

Imports by Country

Tajikistan represented the key importing country with an import of around X tons, which accounted for X% of total imports. It was distantly followed by Kyrgyzstan (X tons), comprising an X% share of total imports. Mongolia (X tons) held a little share of total imports.

Imports into Tajikistan increased at an average annual rate of X% from 2012 to 2022. At the same time, Kyrgyzstan (X%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2022. By contrast, Mongolia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Kyrgyzstan and Mongolia increased by X and X percentage points, respectively.

In value terms, Tajikistan ($X) constitutes the largest market for imported liquefied petroleum gas (LPG) in Central Asia, comprising X% of total imports. The second position in the ranking was taken by Kyrgyzstan ($X), with an X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Tajikistan totaled X%. In the other countries, the average annual rates were as follows: Kyrgyzstan (X% per year) and Mongolia (X% per year).

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, falling by X% against the previous year. In general, the import price recorded a mild decrease. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell markedly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mongolia ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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