Myanmar: Market for Liquefied Petroleum Gas (LPG) 2022

Market Size for Liquefied Petroleum Gas (LPG) in Myanmar

After nine years of growth, the Myanmar's liquefied petroleum gas (LPG) market decreased by -4.1% to $X in 2021. Over the period under review, consumption, however, recorded a significant increase. Over the period under review, the market attained the maximum level at $X in 2020, and then fell slightly in the following year.

Production of Liquefied Petroleum Gas (LPG) in Myanmar

In value terms, liquefied petroleum gas (LPG) production soared to $X in 2021 estimated in export price. Overall, production recorded a perceptible expansion. The growth pace was the most rapid in 2018 when the production volume increased by 61% against the previous year. Liquefied petroleum gas (LPG) production peaked in 2021 and is likely to continue growth in the immediate term.

Exports of Liquefied Petroleum Gas (LPG)

Exports from Myanmar

In 2015, after two years of decline, there was significant decline in overseas shipments of liquefied petroleum gas (LPG), when their volume decreased by -99.2% to X kg. In general, exports recorded a significant decline. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2015, the exports remained at a lower figure.

In value terms, liquefied petroleum gas (LPG) exports shrank remarkably to $X in 2015. Over the period under review, exports faced a precipitous slump. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2015, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X kg) was the main destination for liquefied petroleum gas (LPG) exports from Myanmar, with a approx. 100% share of total exports.

From 2012 to 2015, the average annual growth rate of volume to the Netherlands was relatively modest.

From 2012 to 2015, the average annual rate of growth in terms of value to the Netherlands was relatively modest.

Export Prices by Country

The average liquefied petroleum gas (LPG) export price stood at $X per ton in 2015, rising by 60% against the previous year. In general, the export price, however, faced a significant contraction. The export price peaked at $X per ton in 2012; however, from 2013 to 2015, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2012 to 2015, the rate of growth in terms of prices for the Netherlands amounted to 0.0% per year.

Imports of Liquefied Petroleum Gas (LPG)

Imports into Myanmar

In 2021, overseas purchases of liquefied petroleum gas (LPG) decreased by -19.8% to X tons, falling for the second year in a row after six years of growth. Overall, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 135% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, liquefied petroleum gas (LPG) imports fell modestly to $X in 2021. In general, imports, however, posted a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 123%. Over the period under review, imports attained the peak figure at $X in 2020, and then declined modestly in the following year.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of liquefied petroleum gas (LPG) to Myanmar, accounting for a 52% share of total imports. Moreover, liquefied petroleum gas (LPG) imports from India exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), twofold. Thailand (X tons) ranked third in terms of total imports with a 22% share.

From 2012 to 2021, the average annual growth rate of volume from India stood at +505.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+18.3% per year) and Thailand (+14.4% per year).

In value terms, India ($X) constituted the largest supplier of liquefied petroleum gas (LPG) to Myanmar, comprising 51% of total imports. The second position in the ranking was held by Indonesia ($X), with a 23% share of total imports. It was followed by Thailand, with a 22% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India stood at +420.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-4.7% per year) and Thailand (+11.4% per year).

Import Prices by Country

In 2021, the average liquefied petroleum gas (LPG) import price amounted to $X per ton, rising by 24% against the previous year. Over the period under review, the import price, however, saw a perceptible decline. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Indonesia ($X per ton) and Thailand ($X per ton), while the price for India ($X per ton) and Singapore ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (-1.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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