Egypt: Market for Liquefied Petroleum Gas (LPG) 2024

Market Size for Liquefied Petroleum Gas (LPG) in Egypt

The Egyptian liquefied petroleum gas (LPG) market reduced to $X in 2022, declining by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a perceptible descent. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Exports of Liquefied Petroleum Gas (LPG)

Exports from Egypt

In 2022, approx. X tons of liquefied petroleum gas (LPG) were exported from Egypt; reducing by X% against the previous year. In general, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, liquefied petroleum gas (LPG) exports soared to $X in 2022. Overall, exports continue to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, 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, accounting for a X% share of total exports. Moreover, liquefied petroleum gas (LPG) exports to Italy exceeded the volume sent to the second major destination, Romania (X tons), sevenfold. Albania (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (X% per year) and Albania (X% per year).

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

From 2012 to 2022, the average annual growth rate of value to Italy totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (X% per year) and Albania (X% per year).

Export Prices by Country

The average liquefied petroleum gas (LPG) export price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price recorded temperate growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Albania (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Imports of Liquefied Petroleum Gas (LPG)

Imports into Egypt

In 2022, approx. X tons of liquefied petroleum gas (LPG) were imported into Egypt; shrinking by X% compared with 2021. In general, imports showed a pronounced slump. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, liquefied petroleum gas (LPG) imports fell modestly to $X in 2022. Over the period under review, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X tons), Saudi Arabia (X tons) and Switzerland (X tons) were the main suppliers of liquefied petroleum gas (LPG) imports to Egypt, together accounting for X% of total imports.

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

In value terms, the largest liquefied petroleum gas (LPG) suppliers to Egypt were the United States ($X), Saudi Arabia ($X) and Switzerland ($X), with a combined X% share of total imports.

In terms of the main suppliers, Switzerland, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average liquefied petroleum gas (LPG) import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price, however, recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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