Thailand: Market for Liquefied Petroleum Gas (LPG) 2024

Market Size for Liquefied Petroleum Gas (LPG) in Thailand

The Thai liquefied petroleum gas (LPG) market surged to $X in 2022, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a noticeable downturn. Liquefied petroleum gas (LPG) consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Exports of Liquefied Petroleum Gas (LPG)

Exports from Thailand

In 2022, overseas shipments of liquefied petroleum gas (LPG) decreased by X% to X tons, falling for the fourth year in a row after four years of growth. In general, exports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports attained 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 skyrocketed to $X in 2022. Over the period under review, exports, however, posted a measured increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cambodia (X tons), China (X tons) and Vietnam (X tons) were the main destinations of liquefied petroleum gas (LPG) exports from Thailand, together comprising X% of total exports. Myanmar, Lao People's Democratic Republic, the Philippines and South Korea lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for liquefied petroleum gas (LPG) exported from Thailand were Cambodia ($X), China ($X) and Vietnam ($X), with a combined X% share of total exports. Myanmar, Lao People's Democratic Republic, the Philippines and South Korea lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Myanmar, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average liquefied petroleum gas (LPG) export price amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price, however, saw a noticeable setback. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Myanmar ($X per ton) and South Korea ($X per ton), while the average price for exports to the Philippines ($X per ton) and Vietnam ($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 Cambodia (X%), while the prices for the other major destinations experienced a decline.

Imports of Liquefied Petroleum Gas (LPG)

Imports into Thailand

In 2022, supplies from abroad of liquefied petroleum gas (LPG) increased by X% to X tons, rising for the second year in a row after two years of decline. In general, imports saw a relatively flat trend pattern. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, liquefied petroleum gas (LPG) imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a pronounced curtailment. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X tons), Saudi Arabia (X tons) and Qatar (X tons) were the main suppliers of liquefied petroleum gas (LPG) imports to Thailand, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Qatar ($X) constituted the largest liquefied petroleum gas (LPG) suppliers to Thailand, together accounting for X% of total imports.

Among the main suppliers, the United Arab Emirates, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average liquefied petroleum gas (LPG) import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price, however, saw a perceptible shrinkage. 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 attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Kuwait ($X per ton) and Algeria ($X per ton), while the price for Saudi Arabia ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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