United Arab Emirates: Market for Liquefied Petroleum Gas (LPG) 2024

Market Size for Liquefied Petroleum Gas (LPG) in the United Arab Emirates

In 2022, after three years of decline, there was significant growth in the liquefied petroleum gas (LPG) market in the United Arab Emirates, when its value increased by X% to $X. Over the period under review, consumption, however, recorded a drastic downturn. Liquefied petroleum gas (LPG) consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Liquefied Petroleum Gas (LPG) in the United Arab Emirates

In value terms, liquefied petroleum gas (LPG) production fell to $X in 2022 estimated in export price. Overall, production showed a pronounced reduction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Exports of Liquefied Petroleum Gas (LPG)

Exports from the United Arab Emirates

Liquefied petroleum gas (LPG) exports from the United Arab Emirates contracted remarkably to X tons in 2022, which is down by X% compared with the previous year's figure. In general, exports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons, and then dropped markedly in the following year.

In value terms, liquefied petroleum gas (LPG) exports dropped sharply to $X in 2022. Overall, exports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then declined significantly in the following year.

Exports by Country

China (X tons), India (X tons) and Indonesia (X tons) were the main destinations of liquefied petroleum gas (LPG) exports from the United Arab Emirates, with a combined X% share of total exports.

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

In value terms, China ($X), India ($X) and Indonesia ($X) constituted the largest markets for liquefied petroleum gas (LPG) exported from the United Arab Emirates worldwide, together accounting for X% of total exports.

China, with a CAGR of X%, recorded 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

The average liquefied petroleum gas (LPG) export price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the export price continues to indicate a pronounced setback. The growth pace was the most rapid in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were South Korea ($X per ton) and Thailand ($X per ton), while the average price for exports to Indonesia ($X per ton) and Japan ($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 South Korea (X%), while the prices for the other major destinations experienced a decline.

Imports of Liquefied Petroleum Gas (LPG)

Imports into the United Arab Emirates

In 2022, after six years of decline, there was significant growth in supplies from abroad of liquefied petroleum gas (LPG), when their volume increased by X% to X tons. Overall, imports recorded modest growth. The pace of growth appeared the most rapid in 2015 when imports increased by X%. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, liquefied petroleum gas (LPG) imports skyrocketed to $X in 2022. In general, imports, however, showed a deep slump. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest liquefied petroleum gas (LPG) supplier to the United Arab Emirates, accounting for a X% share of total imports. Moreover, liquefied petroleum gas (LPG) imports from the United States exceeded the figures recorded by the second-largest supplier, Tanzania (X tons), twofold. The third position in this ranking was held by Malaysia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Tanzania (X% per year) and Malaysia (X% per year).

In value terms, the United States ($X), Malaysia ($X) and Tanzania ($X) were the largest liquefied petroleum gas (LPG) suppliers to the United Arab Emirates, together comprising X% of total imports.

Tanzania, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average liquefied petroleum gas (LPG) import price amounted to $X per ton, dropping by X% against the previous year. In general, the import price showed a precipitous setback. The pace of growth appeared the most rapid in 2019 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mozambique ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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