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

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

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Singapore: Market for Liquefied Petroleum Gas (LPG) 2022

Market Size for Liquefied Petroleum Gas (LPG) in Singapore

In 2021, the Singaporean liquefied petroleum gas (LPG) market decreased by -64.1% to $X, falling for the second year in a row after three years of growth. Overall, consumption saw a drastic downturn. Liquefied petroleum gas (LPG) consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Liquefied Petroleum Gas (LPG) in Singapore

In value terms, liquefied petroleum gas (LPG) production contracted notably to $X in 2021 estimated in export price. Overall, production faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 when the production volume increased by 60%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Liquefied Petroleum Gas (LPG)

Exports from Singapore

After two years of growth, overseas shipments of liquefied petroleum gas (LPG) decreased by -68.4% to X tons in 2021. Over the period under review, exports saw a abrupt descent. The growth pace was the most rapid in 2017 with an increase of 21%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, liquefied petroleum gas (LPG) exports fell rapidly to $X in 2021. Overall, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2017 with an increase of 29% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia (X tons), Malaysia (X tons) and China (X tons) were the main destinations of liquefied petroleum gas (LPG) exports from Singapore, together comprising 70% of total exports. These countries were followed by Vietnam, Bangladesh, Taiwan (Chinese), the Philippines, South Korea and India, which together accounted for a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (with a CAGR of +53.5%), while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), China ($X) and Malaysia ($X) appeared to be the largest markets for liquefied petroleum gas (LPG) exported from Singapore worldwide, with a combined 66% share of total exports. These countries were followed by Vietnam, Bangladesh, Taiwan (Chinese), the Philippines, South Korea and India, which together accounted for a further 28%.

Taiwan (Chinese), with a CAGR of +37.6%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average liquefied petroleum gas (LPG) export price amounted to $X per ton, with an increase of 30% against the previous year. In general, the export price, however, continues to indicate a abrupt downturn. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Vietnam ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (-1.4%), while the prices for the other major destinations experienced a decline.

Imports of Liquefied Petroleum Gas (LPG)

Imports into Singapore

In 2021, supplies from abroad of liquefied petroleum gas (LPG) decreased by -69.1% to X tons, falling for the second consecutive year after two years of growth. Overall, imports recorded a mild descent. The pace of growth appeared the most rapid in 2016 when imports increased by 218%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, liquefied petroleum gas (LPG) imports contracted sharply to $X in 2021. In general, imports faced a abrupt contraction. The growth pace was the most rapid in 2016 with an increase of 110%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Indonesia (X tons) was the main liquefied petroleum gas (LPG) supplier to Singapore, with a 91% share of total imports. Moreover, liquefied petroleum gas (LPG) imports from Indonesia exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Indonesia totaled +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+1.1% per year) and Qatar (-93.2% per year).

In value terms, Indonesia ($X) constituted the largest supplier of liquefied petroleum gas (LPG) to Singapore, comprising 86% of total imports. The second position in the ranking was held by Malaysia ($X), with a 9.3% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Indonesia amounted to +13.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+4.6% per year) and Qatar (-93.2% per year).

Import Prices by Country

In 2021, the average liquefied petroleum gas (LPG) import price amounted to $X per ton, picking up by 79% against the previous year. Over the period under review, the import price, however, recorded a abrupt decline. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Malaysia ($X per ton), while the price for Qatar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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 world?
+
The countries with the highest volumes of consumption in 2021 were China, India and Russia, with a combined 40% share of global consumption.
What are the largest producers of liquefied petroleum gas (lpg) in the world?
+
The United States remains the largest liquefied petroleum gas LPG) producing country worldwide, comprising approx. 28% of total volume. Moreover, liquefied petroleum gas LPG) production in the United States exceeded the figures recorded by the second-largest producer, China, threefold. The third position in this ranking was held by Saudi Arabia, with an 8.3% share.
What are the leading suppliers of liquefied petroleum gas (lpg) to Singapore?
+
In value terms, Indonesia constituted the largest supplier of liquefied petroleum gas LPG) to Singapore, comprising 86% of total imports. The second position in the ranking was taken by Malaysia, with a 9.3% share of total imports.
What are the leading importers of liquefied petroleum gas (lpg) from Singapore?
+
In value terms, Indonesia, China and Malaysia appeared to be the largest markets for liquefied petroleum gas LPG) exported from Singapore worldwide, with a combined 66% share of total exports. Vietnam, Bangladesh, Taiwan Chinese), the Philippines, South Korea and India lagged somewhat behind, together comprising a further 28%.
What is the average export price for liquefied petroleum gas (lpg) in Singapore?
+
The average liquefied petroleum gas LPG) export price stood at $608 per ton in 2021, surging by 30% against the previous year.
What is the average import price for liquefied petroleum gas (lpg) in Singapore?
+
The average liquefied petroleum gas LPG) import price stood at $776 per ton in 2021, with an increase of 79% against the previous year.

This report provides an in-depth analysis of the market for liquefied petroleum gas (lpg) in Singapore. 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:
• Singapore

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Singapore
• 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
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
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
8. IMPORTS

The Largest Import Supplying Countries

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

The Largest Destinations for Exports

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

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 In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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