Egypt: Market for Liquefied Petroleum Gas (LPG) 2022

Market Size for Liquefied Petroleum Gas (LPG) in Egypt

In 2021, after three years of decline, there was significant growth in the Egyptian liquefied petroleum gas (LPG) market, when its value increased by 44% to $X. Over the period under review, consumption, however, showed a deep slump. Liquefied petroleum gas (LPG) consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Liquefied Petroleum Gas (LPG) in Egypt

In value terms, liquefied petroleum gas (LPG) production surged to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a abrupt contraction. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Liquefied Petroleum Gas (LPG)

Exports from Egypt

In 2021, overseas shipments of liquefied petroleum gas (LPG) were finally on the rise to reach X tons after two years of decline. Overall, exports, however, recorded a deep downturn. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, liquefied petroleum gas (LPG) exports surged to $X in 2021. Over the period under review, exports, however, saw a abrupt shrinkage. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Italy (X tons) was the main destination for liquefied petroleum gas (LPG) exports from Egypt, with a 82% share of total exports. Moreover, liquefied petroleum gas (LPG) exports to Italy exceeded the volume sent to the second major destination, Albania (X tons), more than tenfold. The third position in this ranking was taken by Lebanon (X tons), with a 2.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy stood at -9.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Albania (+64.2% per year) and Lebanon (-17.9% per year).

In value terms, Italy ($X) remains the key foreign market for liquefied petroleum gas (LPG) exports from Egypt, comprising 84% of total exports. The second position in the ranking was taken by Albania ($X), with a 4.2% share of total exports. It was followed by France, with a 1.7% share.

From 2012 to 2021, the average annual growth rate of value to Italy stood at -11.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Albania (+77.3% per year) and France (+200.1% per year).

Export Prices by Country

The average liquefied petroleum gas (LPG) export price stood at $X per ton in 2021, picking up by 47% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced slump. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+51.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Liquefied Petroleum Gas (LPG)

Imports into Egypt

In 2021, overseas purchases of liquefied petroleum gas (LPG) were finally on the rise to reach X tons after three years of decline. Over the period under review, imports, however, showed a mild setback. The pace of growth was the most pronounced in 2015 when imports increased by 84% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, liquefied petroleum gas (LPG) imports surged to $X in 2021. Overall, imports, however, recorded a abrupt descent. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of liquefied petroleum gas (LPG) to Egypt, accounting for a 51% share of total imports. Moreover, liquefied petroleum gas (LPG) imports from the United States exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), twofold. Switzerland (X tons) ranked third in terms of total imports with a 6.6% share.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled +78.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (-10.8% per year) and Switzerland (+119.0% per year).

In value terms, the United States ($X) constituted the largest supplier of liquefied petroleum gas (LPG) to Egypt, comprising 51% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a 21% share of total imports. It was followed by Switzerland, with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +87.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (-14.4% per year) and Switzerland (+97.4% per year).

Import Prices by Country

In 2021, the average liquefied petroleum gas (LPG) import price amounted to $X per ton, with an increase of 37% against the previous year. Over the period under review, the import price, however, recorded a pronounced shrinkage. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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