Report Eastern Asia - Liquefied Petroleum Gas (LPG) - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Nov 30, 2022

Eastern Asia - Liquefied Petroleum Gas (LPG) - Market Analysis, Forecast, Size, Trends and Insights

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Eastern Asia: Market for Liquefied Petroleum Gas (LPG) 2022

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

In 2021, the East Asian liquefied petroleum gas (LPG) market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Liquefied Petroleum Gas (LPG) in Eastern Asia

In value terms, liquefied petroleum gas (LPG) production soared to $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Liquefied Petroleum Gas (LPG)

Exports in Eastern Asia

In 2021, shipments abroad of liquefied petroleum gas (LPG) decreased by -3.1% to X tons, falling for the second year in a row after four years of growth. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 12% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, liquefied petroleum gas (LPG) exports surged to $X in 2021. In general, exports showed a perceptible slump. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, China (X tons) was the main exporter of liquefied petroleum gas (LPG), creating 57% of total exports. It was distantly followed by South Korea (X tons) and Japan (X tons), together committing a 41% share of total exports. Taiwan (Chinese) (X tons) held a relatively small share of total exports.

From 2012 to 2021, the biggest increases were in Japan (with a CAGR of +11.2%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, China ($X), South Korea ($X) and Japan ($X) constituted the countries with the highest levels of exports in 2021, together comprising 98% of total exports.

Japan, with a CAGR of +6.7%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, rising by 40% against the previous year. Over the period under review, the export price, however, showed a noticeable decline. Over the period under review, the export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was South Korea ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (-0.2%), while the other leaders experienced a decline in the export price figures.

Imports of Liquefied Petroleum Gas (LPG)

Imports in Eastern Asia

In 2021, imports of liquefied petroleum gas (LPG) in Eastern Asia soared to X tons, with an increase of 18% against the previous year's figure. Total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +7.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +95.8% against 2012 indices. The pace of growth appeared the most rapid in 2016 with an increase of 23%. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, liquefied petroleum gas (LPG) imports soared to $X in 2021. Total imports indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China represented the major importing country with an import of around X tons, which recorded 55% of total imports. Japan (X tons) took the second position in the ranking, followed by South Korea (X tons). All these countries together took approx. 41% share of total imports. Taiwan (Chinese) (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the liquefied petroleum gas (LPG) imports, with a CAGR of +24.0% from 2012 to 2021. At the same time, Taiwan (Chinese) (+8.3%) and South Korea (+3.4%) displayed positive paces of growth. By contrast, Japan (-2.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +39 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported liquefied petroleum gas (LPG) in Eastern Asia, comprising 56% of total imports. The second position in the ranking was held by Japan ($X), with a 23% share of total imports. It was followed by South Korea, with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +19.2%. In the other countries, the average annual rates were as follows: Japan (-7.0% per year) and South Korea (-0.6% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, increasing by 46% against the previous year. Over the period under review, the import price, however, saw a pronounced decline. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (-3.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for liquefied petroleum gas (lpg) in Eastern Asia?
+
China remains the largest liquefied petroleum gas LPG) consuming country in Eastern Asia, comprising approx. 71% of total volume. Moreover, liquefied petroleum gas LPG) consumption in China exceeded the figures recorded by the second-largest consumer, Japan, fourfold. South Korea ranked third in terms of total consumption with a 9.8% share.
What are the largest producers of liquefied petroleum gas (lpg) in Eastern Asia?
+
China constituted the country with the largest volume of liquefied petroleum gas LPG) production, comprising approx. 92% of total volume. Moreover, liquefied petroleum gas LPG) production in China exceeded the figures recorded by the second-largest producer, Japan, more than tenfold.
What are the leading suppliers of liquefied petroleum gas (lpg) in Eastern Asia?
+
In value terms, the largest liquefied petroleum gas LPG) supplying countries in Eastern Asia were China, South Korea and Japan, together comprising 98% of total exports.
What are the leading importers of liquefied petroleum gas (lpg) in Eastern Asia?
+
In value terms, China constitutes the largest market for imported liquefied petroleum gas LPG) in Eastern Asia, comprising 56% of total imports. The second position in the ranking was taken by Japan, with a 23% share of total imports. It was followed by South Korea, with an 18% share.
What is the average export price for liquefied petroleum gas (lpg) in Eastern Asia?
+
In 2021, the export price in Eastern Asia amounted to $738 per ton, with an increase of 40% against the previous year.
What is the average import price for liquefied petroleum gas (lpg) in Eastern Asia?
+
In 2021, the import price in Eastern Asia amounted to $648 per ton, picking up by 46% against the previous year.

This report provides an in-depth analysis of the market for liquefied petroleum gas (lpg) in Eastern Asia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
Country coverage:
• Democratic People's Republic of Korea
• Macao SAR
• Taiwan (Chinese)

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Eastern Asia, split by region and country
• Trade (exports and imports) in Eastern Asia
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• China
• Hong Kong SAR
• Macao SAR
• Japan
• South Korea
• Taiwan (Chinese)
• Democratic People's Republic of Korea
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption, By Country, 2018–2022
Table 5:
Production, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Physical Terms, By Country, 2012–2022
Table 7:
Imports, In Value Terms, By Country, 2012–2022
Table 8:
Import Prices, By Country Of Destination, 2012–2022
Table 9:
Exports, In Physical Terms, By Country, 2012–2022
Table 10:
Exports, In Value Terms, By Country, 2012–2022
Table 11:
Export Prices, By Country Of Origin, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Consumption, By Country, 2022
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2012–2022
Figure 17:
Production, In Value Terms, 2012–2022
Figure 18:
Production, By Country, 2022
Figure 19:
Production, In Physical Terms, By Country, 2012–2022
Figure 20:
Imports, In Physical Terms, 2012–2022
Figure 21:
Imports, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, By Country, 2022
Figure 23:
Imports, In Physical Terms, By Country, 2012–2022
Figure 24:
Imports, In Value Terms, By Country, 2012–2022
Figure 25:
Import Prices, By Country, 2012–2022
Figure 26:
Exports, In Physical Terms, 2012–2022
Figure 27:
Exports, In Value Terms, 2012–2022
Figure 28:
Exports, In Physical Terms, By Country, 2022
Figure 29:
Exports, In Physical Terms, By Country, 2012–2022
Figure 30:
Exports, In Value Terms, By Country, 2012–2022
Figure 31:
Export Prices, 2012–2022
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