Europe: Market for Liquefied Petroleum Gas (LPG) 2024

Market Size for Liquefied Petroleum Gas (LPG) in Europe

For the third consecutive year, the Europe liquefied petroleum gas (LPG) market recorded growth in sales value, which increased by X% to $X in 2022. The total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2016 indices. The level of consumption peaked in 2022 and is likely to see gradual growth in the near future.

Production of Liquefied Petroleum Gas (LPG) in Europe

In value terms, liquefied petroleum gas (LPG) production reduced to $X in 2022 estimated in export price. In general, production, however, showed a perceptible curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Liquefied Petroleum Gas (LPG)

Exports in Europe

Liquefied petroleum gas (LPG) exports dropped modestly to X tons in 2022, which is down by X% compared with 2021. Over the period under review, exports, however, 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. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, liquefied petroleum gas (LPG) exports expanded sharply to $X in 2022. In general, exports continue to indicate a pronounced decline. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Norway (X tons) and Russia (X tons) were the key exporters of liquefied petroleum gas (LPG) in Europe, together constituting X% of total exports. The UK (X tons) took the next position in the ranking, followed by the Netherlands (X tons), Belgium (X tons), France (X tons), Sweden (X tons) and Spain (X tons). All these countries together took near X% share of total exports.

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

In value terms, Norway ($X), the UK ($X) and the Netherlands ($X) constituted the countries with the highest levels of exports in 2022, together accounting for X% of total exports. Belgium, Russia, France, Spain and Sweden lagged somewhat behind, together comprising a further X%.

Spain, with a CAGR of X%, 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 more modest paces of growth.

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, picking up by X% against the previous year. Overall, the export price, however, showed a perceptible downturn. The most prominent rate of growth was recorded in 2021 an increase of X%. 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.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Imports of Liquefied Petroleum Gas (LPG)

Imports in Europe

In 2022, imports of liquefied petroleum gas (LPG) in Europe shrank slightly to X tons, approximately equating the previous year's figure. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then dropped in the following year.

In value terms, liquefied petroleum gas (LPG) imports surged to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

The purchases of the eleven major importers of liquefied petroleum gas (LPG), namely Belgium, the Netherlands, France, Poland, Italy, Germany, Spain, Ukraine, Sweden, the UK and Portugal, represented more than two-thirds of total import.

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

In value terms, Belgium ($X), the Netherlands ($X) and France ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports. Italy, Germany, Poland, Spain, Ukraine, Sweden, the UK and Portugal lagged somewhat behind, together comprising a further X%.

Ukraine, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Europe amounted to $X per ton, surging by X% against the previous year. Overall, the import price, however, recorded a noticeable decrease. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Ukraine ($X per ton) and Germany ($X per ton), while France ($X per ton) and Sweden ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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