Report Middle East - Liquefied Petroleum Gas (LPG) - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Nov 30, 2022

Middle East - Liquefied Petroleum Gas (LPG) - Market Analysis, Forecast, Size, Trends and Insights

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Middle East: Market for Liquefied Petroleum Gas (LPG) 2022

Market Size for Liquefied Petroleum Gas (LPG) in the Middle East

In 2021, after two years of decline, there was significant growth in the Middle Eastern liquefied petroleum gas (LPG) market, when its value increased by 9.2% to $X. In general, consumption, however, continues to indicate a perceptible setback. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Liquefied Petroleum Gas (LPG) in the Middle East

In value terms, liquefied petroleum gas (LPG) production expanded rapidly to $X in 2021 estimated in export price. Overall, production, however, showed a noticeable contraction. The pace of growth appeared the most rapid in 2017 when the production volume increased by 17%. The level of production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Liquefied Petroleum Gas (LPG)

Exports in the Middle East

In 2021, after four years of decline, there was significant growth in shipments abroad of liquefied petroleum gas (LPG), when their volume increased by 5.3% to X tons. Total exports indicated moderate growth from 2012 to 2021: its volume increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -9.0% against 2016 indices. The pace of growth appeared the most rapid in 2015 with an increase of 20% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, liquefied petroleum gas (LPG) exports surged to $X in 2021. Over the period under review, exports saw a relatively flat trend pattern. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The shipments of the four major exporters of liquefied petroleum gas (LPG), namely the United Arab Emirates, Saudi Arabia, Iran and Kuwait, represented more than two-thirds of total export.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Iran (with a CAGR of +10.5%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Iran ($X) were the countries with the highest levels of exports in 2021, with a combined 68% share of total exports.

Iran, with a CAGR of +2.6%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, surging by 45% against the previous year. Over the period under review, the export price, however, recorded a pronounced slump. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United Arab Emirates ($X per ton), while Kuwait ($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 Arab Emirates (-3.9%), while the other leaders experienced a decline in the export price figures.

Imports of Liquefied Petroleum Gas (LPG)

Imports in the Middle East

In 2021, purchases abroad of liquefied petroleum gas (LPG) increased by 8.5% to X tons, rising for the second year in a row after three years of decline. Total imports indicated noticeable growth from 2012 to 2021: its volume increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +36.1% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of 56%. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, liquefied petroleum gas (LPG) imports surged to $X in 2021. Total imports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of 68% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Turkey represented the main importer of liquefied petroleum gas (LPG) in the Middle East, with the volume of imports reaching X tons, which was near 62% of total imports in 2021. It was distantly followed by the United Arab Emirates (X tons), committing a 26% share of total imports. The following importers - Lebanon (X tons) and Israel (X tons) - each reached an 8.6% share of total imports.

Turkey experienced a relatively flat trend pattern with regard to volume of imports of liquefied petroleum gas (LPG). At the same time, Israel (+26.6%) and the United Arab Emirates (+13.6%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +26.6% from 2012-2021. Lebanon experienced a relatively flat trend pattern. The United Arab Emirates (+16 p.p.) and Israel (+3.6 p.p.) significantly strengthened its position in terms of the total imports, while Turkey saw its share reduced by -17% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported liquefied petroleum gas (LPG) in the Middle East, comprising 66% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 21% share of total imports. It was followed by Lebanon, with a 5.4% share.

In Turkey, liquefied petroleum gas (LPG) imports expanded at an average annual rate of +2.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United Arab Emirates (+5.9% per year) and Lebanon (-3.4% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2021, surging by 39% against the previous year. Overall, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Lebanon ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+2.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for liquefied petroleum gas (lpg) in the the Middle East?
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Saudi Arabia constituted the country with the largest volume of liquefied petroleum gas LPG) consumption, comprising approx. 47% of total volume. Moreover, liquefied petroleum gas LPG) consumption in Saudi Arabia exceeded the figures recorded by the second-largest consumer, Qatar, twofold. Turkey ranked third in terms of total consumption with an 11% share.
What are the largest producers of liquefied petroleum gas (lpg) in the the Middle East?
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Saudi Arabia remains the largest liquefied petroleum gas LPG) producing country in the Middle East, comprising approx. 41% of total volume. Moreover, liquefied petroleum gas LPG) production in Saudi Arabia exceeded the figures recorded by the second-largest producer, the United Arab Emirates, twofold. The third position in this ranking was held by Iran, with a 13% share.
What are the leading suppliers of liquefied petroleum gas (lpg) in the the Middle East?
+
In value terms, the United Arab Emirates, Saudi Arabia and Iran appeared to be the countries with the highest levels of exports in 2021, together comprising 68% of total exports.
What are the leading importers of liquefied petroleum gas (lpg) in the the Middle East?
+
In value terms, Turkey constitutes the largest market for imported liquefied petroleum gas LPG) in the Middle East, comprising 66% of total imports. The second position in the ranking was taken by the United Arab Emirates, with a 21% share of total imports. It was followed by Lebanon, with a 5.4% share.
What is the average export price for liquefied petroleum gas (lpg) in the the Middle East?
+
The export price in the Middle East stood at $690 per ton in 2021, jumping by 45% against the previous year.
What is the average import price for liquefied petroleum gas (lpg) in the the Middle East?
+
The import price in the Middle East stood at $588 per ton in 2021, picking up by 39% against the previous year.

This report provides an in-depth analysis of the market for liquefied petroleum gas (lpg) in the Middle East. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
Country coverage:
• Bahrain
• Jordan
• Lebanon
• Palestine
• Syrian Arab Republic
• Yemen

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in the Middle East, split by region and country
• Trade (exports and imports) in the Middle East
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Bahrain
• Iran
• Iraq
• Israel
• Jordan
• Kuwait
• Lebanon
• Oman
• Palestine
• Qatar
• Saudi Arabia
• Syrian Arab Republic
• Turkey
• United Arab Emirates
• Yemen
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption, By Country, 2018–2022
Table 5:
Production, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Physical Terms, By Country, 2012–2022
Table 7:
Imports, In Value Terms, By Country, 2012–2022
Table 8:
Import Prices, By Country Of Destination, 2012–2022
Table 9:
Exports, In Physical Terms, By Country, 2012–2022
Table 10:
Exports, In Value Terms, By Country, 2012–2022
Table 11:
Export Prices, By Country Of Origin, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Consumption, By Country, 2022
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2012–2022
Figure 17:
Production, In Value Terms, 2012–2022
Figure 18:
Production, By Country, 2022
Figure 19:
Production, In Physical Terms, By Country, 2012–2022
Figure 20:
Imports, In Physical Terms, 2012–2022
Figure 21:
Imports, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, By Country, 2022
Figure 23:
Imports, In Physical Terms, By Country, 2012–2022
Figure 24:
Imports, In Value Terms, By Country, 2012–2022
Figure 25:
Import Prices, By Country, 2012–2022
Figure 26:
Exports, In Physical Terms, 2012–2022
Figure 27:
Exports, In Value Terms, 2012–2022
Figure 28:
Exports, In Physical Terms, By Country, 2022
Figure 29:
Exports, In Physical Terms, By Country, 2012–2022
Figure 30:
Exports, In Value Terms, By Country, 2012–2022
Figure 31:
Export Prices, 2012–2022
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