Italy: Market for Liquefied Petroleum Gas (LPG) 2022

Market Size for Liquefied Petroleum Gas (LPG) in Italy

The Italian liquefied petroleum gas (LPG) market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption, however, saw a pronounced reduction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Liquefied Petroleum Gas (LPG) in Italy

In value terms, liquefied petroleum gas (LPG) production surged to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a abrupt shrinkage. 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 Italy

Liquefied petroleum gas (LPG) exports from Italy skyrocketed to X tons in 2021, picking up by 31% against the year before. Over the period under review, exports, however, continue to indicate a abrupt shrinkage. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, liquefied petroleum gas (LPG) exports soared to $X in 2021. In general, exports, however, recorded a abrupt curtailment. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Tunisia (X tons), France (X tons) and Morocco (X tons) were the main destinations of liquefied petroleum gas (LPG) exports from Italy, with a combined 60% share of total exports. Albania, Turkey, Gibraltar, Slovenia, Malta, Spain, Germany, Egypt, Jordan and Belgium lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Jordan (with a CAGR of +136.7%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Tunisia ($X) and Albania ($X) constituted the largest markets for liquefied petroleum gas (LPG) exported from Italy worldwide, with a combined 57% share of total exports. Morocco, Germany, Turkey, Belgium, Gibraltar, Slovenia, Malta, Spain, Egypt and Jordan lagged somewhat behind, together comprising a further 30%.

In terms of the main countries of destination, Jordan, with a CAGR of +102.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average liquefied petroleum gas (LPG) export price stood at $X per ton in 2021, with an increase of 67% against the previous year. Overall, the export price, however, saw a slight contraction. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Belgium ($X per ton), while the average price for exports to Gibraltar ($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 Belgium (+39.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Liquefied Petroleum Gas (LPG)

Imports into Italy

Liquefied petroleum gas (LPG) imports into Italy was estimated at X tons in 2021, picking up by 6.2% against 2020 figures. The total import volume increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when imports increased by 12% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; afterwards, it flattened through to 2021.

In value terms, liquefied petroleum gas (LPG) imports surged to $X in 2021. In general, imports, however, showed a noticeable slump. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Algeria (X tons) constituted the largest supplier of liquefied petroleum gas (LPG) to Italy, with a 50% share of total imports. Moreover, liquefied petroleum gas (LPG) imports from Algeria exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. The third position in this ranking was taken by Libya (X tons), with a 9.8% share.

From 2012 to 2021, the average annual growth rate of volume from Algeria totaled +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+1.3% per year) and Libya (+1.3% per year).

In value terms, Algeria ($X) constituted the largest supplier of liquefied petroleum gas (LPG) to Italy, comprising 48% of total imports. The second position in the ranking was taken by France ($X), with a 17% share of total imports. It was followed by Libya, with a 9.6% share.

From 2012 to 2021, the average annual growth rate of value from Algeria was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (-2.9% per year) and Libya (-2.8% per year).

Import Prices by Country

The average liquefied petroleum gas (LPG) import price stood at $X per ton in 2021, increasing by 49% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable shrinkage. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Norway ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (-1.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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