Scandinavia: Market for Liquefied Petroleum Gas (LPG) 2024

Market Size for Liquefied Petroleum Gas (LPG) in Scandinavia

In 2022, the Scandinavia liquefied petroleum gas (LPG) market increased by X% to $X, rising for the fifth year in a row after two years of decline. Over the period under review, consumption showed buoyant growth. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the immediate term.

Production of Liquefied Petroleum Gas (LPG) in Scandinavia

In value terms, liquefied petroleum gas (LPG) production fell to $X in 2022 estimated in export price. In general, production saw a pronounced contraction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Liquefied Petroleum Gas (LPG)

Exports in Scandinavia

Liquefied petroleum gas (LPG) exports fell to X tons in 2022, which is down by X% on 2021 figures. Overall, exports saw a perceptible slump. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, liquefied petroleum gas (LPG) exports expanded sharply to $X in 2022. Over the period under review, exports continue to indicate a perceptible setback. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Norway represented the main exporter of liquefied petroleum gas (LPG) in Scandinavia, with the volume of exports recording X tons, which was approx. X% of total exports in 2022. It was distantly followed by Sweden (X tons), making up a X% share of total exports.

Exports from Norway decreased at an average annual rate of X% from 2012 to 2022. At the same time, Sweden (X%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of X% from 2012-2022. Sweden (X p.p.) significantly strengthened its position in terms of the total exports, while Norway saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Norway ($X) remains the largest liquefied petroleum gas (LPG) supplier in Scandinavia, comprising X% of total exports. The second position in the ranking was held by Sweden ($X), with a X% share of total exports.

In Norway, liquefied petroleum gas (LPG) exports shrank by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the export price, however, recorded a noticeable curtailment. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Norway stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (X%).

Imports of Liquefied Petroleum Gas (LPG)

Imports in Scandinavia

In 2022, liquefied petroleum gas (lpg) imports in Scandinavia declined to X tons, which is down by X% on 2021 figures. Total imports indicated perceptible growth 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then dropped in the following year.

In value terms, liquefied petroleum gas (LPG) imports soared to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Sweden was the key importing country with an import of around X tons, which recorded X% of total imports. It was distantly followed by Finland (X tons) and Norway (X tons), together constituting a X% share of total imports.

Sweden was also the fastest-growing in terms of the liquefied petroleum gas (LPG) imports, with a CAGR of X% from 2012 to 2022. At the same time, Finland (X%) displayed positive paces of growth. By contrast, Norway (X%) illustrated a downward trend over the same period. Sweden (X p.p.) significantly strengthened its position in terms of the total imports, while Finland and Norway saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Sweden ($X) constitutes the largest market for imported liquefied petroleum gas (LPG) in Scandinavia, comprising X% of total imports. The second position in the ranking was taken by Finland ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Sweden stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Finland (X% per year) and Norway (X% per year).

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, with an increase of X% against the previous year. In general, the import price, however, showed a pronounced reduction. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Finland ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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