Dominican Republic: Market for Liquefied Petroleum Gas (LPG) 2022

Market Size for Liquefied Petroleum Gas (LPG) in the Dominican Republic

In 2021, the Dominican liquefied petroleum gas (LPG) market was finally on the rise to reach $X after two years of decline. In general, consumption enjoyed a measured increase. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the near future.

Production of Liquefied Petroleum Gas (LPG) in the Dominican Republic

In value terms, liquefied petroleum gas (LPG) production contracted dramatically to $X in 2021 estimated in export price. In general, production, however, continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by 132% against the previous year. Liquefied petroleum gas (LPG) production peaked at $X in 2020, and then reduced dramatically in the following year.

Exports of Liquefied Petroleum Gas (LPG)

Exports from the Dominican Republic

In 2021, the amount of liquefied petroleum gas (LPG) exported from the Dominican Republic declined significantly to X tons, dropping by -57.8% compared with 2020. In general, exports, however, showed strong growth. The pace of growth appeared the most rapid in 2014 when exports increased by 90% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, liquefied petroleum gas (LPG) exports shrank remarkably to $X in 2021. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 86%. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

France (X tons) was the main destination for liquefied petroleum gas (LPG) exports from the Dominican Republic, with a 99% share of total exports. It was followed by the United States (X kg), with less than 0.1% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to France stood at +37.4%.

In value terms, France ($X) emerged as the key foreign market for liquefied petroleum gas (LPG) exports from the Dominican Republic, comprising 99% of total exports. The second position in the ranking was held by the United States ($X), with a 0.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to France amounted to +22.5%.

Export Prices by Country

In 2021, the average liquefied petroleum gas (LPG) export price amounted to $X per ton, standing approx. at the previous year. In general, the export price, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when the average export price increased by 38% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to France amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+36.1%), while the prices for the other major destinations experienced a decline.

Imports of Liquefied Petroleum Gas (LPG)

Imports into the Dominican Republic

In 2021, overseas purchases of liquefied petroleum gas (LPG) were finally on the rise to reach X tons after two years of decline. In general, imports saw a buoyant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 160%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, liquefied petroleum gas (LPG) imports skyrocketed to $X in 2021. Overall, imports saw a temperate expansion. The growth pace was the most rapid in 2016 when imports increased by 102% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, the United States (X tons) was the main liquefied petroleum gas (LPG) supplier to the Dominican Republic, with a 96% share of total imports. It was followed by Trinidad and Tobago (X tons), with a 1.8% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled +49.1%.

In value terms, the United States ($X) constituted the largest supplier of liquefied petroleum gas (LPG) to the Dominican Republic, comprising 97% of total imports. The second position in the ranking was taken by Trinidad and Tobago ($X), with a 1.8% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +47.6%.

Import Prices by Country

In 2021, the average liquefied petroleum gas (LPG) import price amounted to $X per ton, increasing by 21% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 22% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Trinidad and Tobago stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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