CIS: Market for Liquefied Petroleum Gas (LPG) 2024

Market Size for Liquefied Petroleum Gas (LPG) in CIS

The CIS liquefied petroleum gas (LPG) market stood at $X in 2022, remaining stable against the previous year. Overall, consumption, however, saw a slight setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Liquefied Petroleum Gas (LPG) in CIS

In value terms, liquefied petroleum gas (LPG) production fell to $X in 2022 estimated in export price. Over the period under review, production saw a pronounced descent. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Liquefied Petroleum Gas (LPG)

Exports in CIS

In 2022, overseas shipments of liquefied petroleum gas (LPG) decreased by X% to X tons, falling for the fourth year in a row after three years of growth. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, liquefied petroleum gas (LPG) exports dropped to $X in 2022. In general, exports recorded a pronounced curtailment. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Russia (X tons) represented the key exporter of liquefied petroleum gas (LPG), making up X% of total exports. Kazakhstan (X tons) ranks second in terms of the total exports with a X% share, followed by Belarus (X%).

Russia was also the fastest-growing in terms of the liquefied petroleum gas (LPG) exports, with a CAGR of X% from 2012 to 2022. Belarus (X%) and Kazakhstan (X%) illustrated a downward trend over the same period. While the share of Russia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Kazakhstan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X), Kazakhstan ($X) and Belarus ($X) were the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Russia, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, dropping by X% against the previous year. In general, the export price continues to indicate a perceptible slump. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs 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 origin: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%), while the other leaders experienced a decline in the export price figures.

Imports of Liquefied Petroleum Gas (LPG)

Imports in CIS

In 2022, overseas purchases of liquefied petroleum gas (LPG) decreased by X% to X tons, falling for the fourth consecutive year after two years of growth. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, liquefied petroleum gas (LPG) imports dropped to $X in 2022. Overall, imports recorded a mild setback. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Tajikistan was the major importer of liquefied petroleum gas (LPG) in the CIS, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2022. It was distantly followed by Belarus (X tons), Russia (X tons), Moldova (X tons), Armenia (X tons) and Kyrgyzstan (X tons), together constituting a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Armenia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

In Tajikistan, liquefied petroleum gas (LPG) imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Belarus (X% per year) and Russia (X% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the import price showed a perceptible downturn. The growth pace was the most rapid in 2021 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Moldova ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Moldova (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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