Morocco: Market for Liquefied Petroleum Gas (LPG) 2022

Market Size for Liquefied Petroleum Gas (LPG) in Morocco

The Moroccan liquefied petroleum gas (LPG) market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2012; afterwards, it flattened through to 2021.

Exports of Liquefied Petroleum Gas (LPG)

Exports from Morocco

After four years of growth, shipments abroad of liquefied petroleum gas (LPG) decreased by -85.2% to X tons in 2021. Over the period under review, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2018 with an increase of 8,703%. Over the period under review, the exports hit record highs at X tons in 2020, and then contracted remarkably in the following year.

In value terms, liquefied petroleum gas (LPG) exports dropped dramatically to $X in 2021. Overall, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2018 when exports increased by 7,383%. The exports peaked at $X in 2020, and then contracted remarkably in the following year.

Exports by Country

The Netherlands (X tons) was the main destination for liquefied petroleum gas (LPG) exports from Morocco, accounting for a 76% share of total exports. Moreover, liquefied petroleum gas (LPG) exports to the Netherlands exceeded the volume sent to the second major destination, Senegal (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands amounted to +116.3%.

In value terms, the Netherlands ($X) emerged as the key foreign market for liquefied petroleum gas (LPG) exports from Morocco, comprising 73% of total exports. The second position in the ranking was held by Senegal ($X), with a 27% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the Netherlands amounted to +82.0%.

Export Prices by Country

In 2021, the average liquefied petroleum gas (LPG) export price amounted to $X per ton, increasing by 8.5% against the previous year. Over the period under review, the export price, however, showed a deep setback. The most prominent rate of growth was recorded in 2013 when the average export price increased by 17% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2021, the country with the highest price was Senegal ($X per ton), while the average price for exports to the Netherlands stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+5.3%), while the prices for the other major destinations experienced a decline.

Imports of Liquefied Petroleum Gas (LPG)

Imports into Morocco

In 2021, the amount of liquefied petroleum gas (LPG) imported into Morocco soared to X tons, increasing by 103% compared with the previous year. Overall, total imports indicated a noticeable expansion from 2012 to 2021: its volume increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, liquefied petroleum gas (LPG) imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a mild decline. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest liquefied petroleum gas (LPG) supplier to Morocco, with a 49% share of total imports. Moreover, liquefied petroleum gas (LPG) imports from the United States exceeded the figures recorded by the second-largest supplier, Algeria (X tons), twofold. The third position in this ranking was taken by Spain (X tons), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +41.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Algeria (-2.8% per year) and Spain (+7.2% per year).

In value terms, the United States ($X) constituted the largest supplier of liquefied petroleum gas (LPG) to Morocco, comprising 49% of total imports. The second position in the ranking was held by Algeria ($X), with a 21% share of total imports. It was followed by Spain, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +34.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Algeria (-6.7% per year) and Spain (+2.7% per year).

Import Prices by Country

In 2021, the average liquefied petroleum gas (LPG) import price amounted to $X per ton, rising by 40% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced downturn. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Spain ($X per ton) and Algeria ($X per ton), while the price for the UK ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Algeria (-4.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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