South-Eastern Asia: Market for Liquefied Petroleum Gas (LPG) 2024

Market Size for Liquefied Petroleum Gas (LPG) in South-Eastern Asia

In 2022, the Southeast Asian liquefied petroleum gas (LPG) market increased by X% to $X, rising for the second consecutive year after two years of decline. The total consumption indicated strong growth from 2012 to 2022: its value 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, consumption increased by X% against 2020 indices. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in the near future.

Production of Liquefied Petroleum Gas (LPG) in South-Eastern Asia

In value terms, liquefied petroleum gas (LPG) production reduced notably to $X in 2022 estimated in export price. Overall, production showed a slight decline. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. As a result, production reached the peak level of $X, and then shrank markedly in the following year.

Exports of Liquefied Petroleum Gas (LPG)

Exports in South-Eastern Asia

In 2022, approx. X tons of liquefied petroleum gas (LPG) were exported in South-Eastern Asia; almost unchanged from the year before. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons, leveling off in the following year.

In value terms, liquefied petroleum gas (LPG) exports rose slightly to $X in 2022. Over the period under review, exports continue to indicate a mild curtailment. The pace of growth was the most pronounced in 2021 with an increase of 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 failed to regain momentum.

Exports by Country

The biggest shipments were from Malaysia (X tons), Singapore (X tons) and Brunei Darussalam (X tons), together resulting at X% of total export. Thailand (X tons) took the next position in the ranking, followed by Indonesia (X tons) and Vietnam (X tons). All these countries together held approx. X% share of total exports. Timor-Leste (X tons) held a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Brunei Darussalam (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Brunei Darussalam ($X) and Malaysia ($X) were the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

In terms of the main exporting countries, Brunei Darussalam, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, growing by X% against the previous year. In general, the export price, however, showed a pronounced downturn. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Timor-Leste ($X per ton) was amongst the lowest.

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

Imports of Liquefied Petroleum Gas (LPG)

Imports in South-Eastern Asia

In 2022, approx. X tons of liquefied petroleum gas (LPG) were imported in South-Eastern Asia; growing by X% compared with 2021. Total imports indicated a prominent 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, imports increased by X% against 2014 indices. The pace of growth appeared the most rapid in 2013 when imports increased by X%. The volume of import peaked in 2022 and is likely to continue growth in years to come.

In value terms, liquefied petroleum gas (LPG) imports soared to $X in 2022. Overall, imports showed a temperate expansion. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, Indonesia (X tons) was the largest importer of liquefied petroleum gas (LPG), comprising X% of total imports. The Philippines (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Vietnam (X%) and Thailand (X%). Malaysia (X tons) took a relatively small share of total imports.

Imports into Indonesia increased at an average annual rate of X% from 2012 to 2022. At the same time, the Philippines (X%), Vietnam (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. Thailand experienced a relatively flat trend pattern. From 2012 to 2022, the share of Indonesia, the Philippines and Vietnam increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) constitutes the largest market for imported liquefied petroleum gas (LPG) in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by the Philippines ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Indonesia amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: the Philippines (X% per year) and Thailand (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price, however, recorded a noticeable slump. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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