Finland: Market for Liquefied Petroleum Gas (LPG) 2024

Market Size for Liquefied Petroleum Gas (LPG) in Finland

In 2022, the Finnish liquefied petroleum gas (LPG) market increased by X% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption recorded a slight increase. Liquefied petroleum gas (LPG) consumption peaked in 2022 and is expected to retain growth in the near future.

Exports of Liquefied Petroleum Gas (LPG)

Exports from Finland

After three years of decline, overseas shipments of liquefied petroleum gas (LPG) increased by X% to X tons in 2022. Overall, exports, however, showed a sharp downturn. The most prominent rate of growth was recorded in 2018 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, liquefied petroleum gas (LPG) exports surged to $X in 2022. Over the period under review, exports, however, saw a dramatic slump. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Latvia (X tons) was the main destination for liquefied petroleum gas (LPG) exports from Finland, accounting for a X% share of total exports. Moreover, liquefied petroleum gas (LPG) exports to Latvia exceeded the volume sent to the second major destination, Estonia (X tons), threefold. The third position in this ranking was taken by Belgium (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Latvia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (X% per year) and Belgium (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value to Latvia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (X% per year) and Belgium (X% per year).

Export Prices by Country

In 2022, the average liquefied petroleum gas (LPG) export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price, however, showed a perceptible downturn. The growth pace was the most rapid in 2020 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Latvia ($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 the Netherlands (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 Finland

In 2022, supplies from abroad of liquefied petroleum gas (LPG) increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports saw slight growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, liquefied petroleum gas (LPG) imports surged to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X tons), Russia (X tons) and Norway (X tons) were the main suppliers of liquefied petroleum gas (LPG) imports to Finland, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of liquefied petroleum gas (LPG) to Finland, comprising X% of total imports. The second position in the ranking was held by Russia ($X), with a X% share of total imports. It was followed by Norway, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and Norway (X% per year).

Import Prices by Country

In 2022, the average liquefied petroleum gas (LPG) import price amounted to $X per ton, which is down by X% against the previous year. In general, the import price continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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