Russian Federation: Market for Liquefied Petroleum Gas (LPG) 2024

Market Size for Liquefied Petroleum Gas (LPG) in the Russian Federation

After three years of growth, the Russian liquefied petroleum gas (LPG) market decreased by X% to $X in 2022. In general, consumption continues to indicate a abrupt descent. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Liquefied Petroleum Gas (LPG) in the Russian Federation

In value terms, liquefied petroleum gas (LPG) production fell to $X in 2022 estimated in export price. In general, production, however, recorded a perceptible slump. The growth pace was the most rapid in 2021 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Exports of Liquefied Petroleum Gas (LPG)

Exports from the Russian Federation

In 2022, after three years of decline, there was significant growth in overseas shipments of liquefied petroleum gas (LPG), when their volume increased by X% to X tons. Over the period under review, total exports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2018 indices. The pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, liquefied petroleum gas (LPG) exports declined to $X in 2022. Overall, exports, however, continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2018 when exports increased by X%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Poland (X tons) was the main destination for liquefied petroleum gas (LPG) exports from Russia, with a X% share of total exports. Moreover, liquefied petroleum gas (LPG) exports to Poland exceeded the volume sent to the second major destination, Ukraine (X tons), twofold. The third position in this ranking was taken by Belarus (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Poland stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (X% per year) and Belarus (X% per year).

In value terms, Poland ($X) remains the key foreign market for liquefied petroleum gas (LPG) exports from Russia, comprising X% of total exports. The second position in the ranking was taken by Ukraine ($X), with a X% share of total exports. It was followed by Belarus, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Poland totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (X% per year) and Belarus (X% per year).

Export Prices by Country

In 2022, the average liquefied petroleum gas (LPG) export price amounted to $X per ton, reducing by X% against the previous year. Overall, the export price showed a deep setback. The growth pace was the most rapid in 2021 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Hungary ($X per ton) and Mongolia ($X per ton), while the average price for exports to Belarus ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (X%), while the prices for the other major destinations experienced a decline.

Imports of Liquefied Petroleum Gas (LPG)

Imports into the Russian Federation

In 2022, the amount of liquefied petroleum gas (LPG) imported into Russia reduced rapidly to X tons, waning by X% on the previous year. In general, imports showed a mild shrinkage. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Imports peaked at X tons in 2021, and then contracted rapidly in the following year.

In value terms, liquefied petroleum gas (LPG) imports declined notably to $X in 2022. Over the period under review, imports continue to indicate a abrupt decline. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Azerbaijan (X tons) constituted the largest supplier of liquefied petroleum gas (LPG) to Russia, accounting for a X% share of total imports. Moreover, liquefied petroleum gas (LPG) imports from Azerbaijan exceeded the figures recorded by the second-largest supplier, South Korea (X tons), twofold. Belarus (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Azerbaijan totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Belarus (X% per year).

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

From 2012 to 2022, the average annual growth rate of value from Azerbaijan amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Belarus (X% per year).

Import Prices by Country

In 2022, the average liquefied petroleum gas (LPG) import price amounted to $X per ton, falling by X% against the previous year. In general, the import price saw a abrupt curtailment. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs 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 China ($X per ton), while the price for Kazakhstan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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