Southern Asia: Market for Liquefied Petroleum Gas (LPG) 2024

Market Size for Liquefied Petroleum Gas (LPG) in Southern Asia

In 2022, the South Asian liquefied petroleum gas (LPG) market increased by X% to $X, rising for the sixth year in a row after two years of decline. Over the period under review, consumption saw a strong increase. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Production of Liquefied Petroleum Gas (LPG) in Southern Asia

In value terms, liquefied petroleum gas (LPG) production rose modestly to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Liquefied Petroleum Gas (LPG)

Exports in Southern Asia

After two years of growth, overseas shipments of liquefied petroleum gas (LPG) decreased by X% to X tons in 2022. Overall, exports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2021, and then shrank in the following year.

In value terms, liquefied petroleum gas (LPG) exports expanded rapidly to $X in 2022. In general, exports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Exports by Country

India was the main exporter of liquefied petroleum gas (LPG) in Southern Asia, with the volume of exports reaching X tons, which was near X% of total exports in 2022. Maldives (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Sri Lanka (X%).

Exports from India increased at an average annual rate of X% from 2012 to 2022. At the same time, Maldives (X%) and Sri Lanka (X%) displayed positive paces of growth. Moreover, Maldives emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2022. While the share of Maldives (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of India (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In India, liquefied petroleum gas (LPG) exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Maldives (X% per year) and Sri Lanka (X% per year).

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, picking up by X% against the previous year. In general, the export price, however, recorded a perceptible decrease. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

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

Imports of Liquefied Petroleum Gas (LPG)

Imports in Southern Asia

For the ninth consecutive year, Southern Asia recorded growth in overseas purchases of liquefied petroleum gas (LPG), which increased by X% to X tons in 2022. Overall, imports posted prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, liquefied petroleum gas (LPG) imports surged to $X in 2022. In general, imports recorded a resilient increase. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

India dominates imports structure, finishing at X tons, which was near X% of total imports in 2022. It was distantly followed by Pakistan (X tons), making up a X% share of total imports. The following importers - Nepal (X tons) and Sri Lanka (X tons) - each resulted at a X% share of total imports.

Imports into India increased at an average annual rate of X% from 2012 to 2022. At the same time, Pakistan (X%), Nepal (X%) and Sri Lanka (X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. Pakistan (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported liquefied petroleum gas (LPG) in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Pakistan ($X), with a X% share of total imports. It was followed by Nepal, with a X% share.

In India, liquefied petroleum gas (LPG) imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Pakistan (X% per year) and Nepal (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, surging by X% against the previous year. Overall, the import price, however, saw a pronounced shrinkage. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in India ($X per ton) and Pakistan ($X per ton), while Sri Lanka ($X per ton) and Nepal ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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