Report Update Apr 1, 2024

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

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Overview of the Global Market for Liquefied Petroleum Gas (LPG)

Market Size for Liquefied Petroleum Gas (LPG)

In 2022, after three years of decline, there was significant growth in the global liquefied petroleum gas (LPG) market, when its value increased by X% to $X. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the global market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Liquefied Petroleum Gas (LPG)

In value terms, liquefied petroleum gas (LPG) production declined slightly to $X in 2022 estimated in export price. Overall, production showed a mild decline. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, global production attained the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Liquefied Petroleum Gas (LPG)

Exports

In 2022, after two years of growth, there was significant decline in shipments abroad of liquefied petroleum gas (LPG), when their volume decreased by X% to X tons. Overall, exports, however, saw a remarkable increase. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of X tons, and then declined rapidly in the following year.

In value terms, liquefied petroleum gas (LPG) exports dropped remarkably to $X in 2022. Over the period under review, exports, however, recorded a prominent increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then declined notably in the following year.

Exports by Country

The United States (X tons) and Qatar (X tons) were the largest exporters of liquefied petroleum gas (LPG) in 2022, recording approx. X% and X% of total exports, respectively. The United Arab Emirates (X tons) took the next position in the ranking, followed by Madagascar (X tons) and Canada (X tons). All these countries together held near X% share of total exports. The following exporters - Saudi Arabia (X tons), Algeria (X tons), Kuwait (X tons) and Norway (X tons) - together made up X% of total exports.

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

In value terms, the United States ($X), Qatar ($X) and the United Arab Emirates ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of global exports.

Among the main exporting countries, the United States, 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 global 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, increasing by X% against the previous year. In general, the export price, however, showed a perceptible contraction. The growth pace was the most rapid in 2017 when the average export price increased by X%. Over the period under review, the average export prices hit record highs 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 Norway ($X per ton), while Madagascar ($X per ton) was amongst the lowest.

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

Imports of Liquefied Petroleum Gas (LPG)

Imports

In 2022, the amount of liquefied petroleum gas (LPG) imported worldwide stood at X tons, picking up by X% compared with the previous year's figure. In general, total imports indicated resilient growth 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 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, global imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, liquefied petroleum gas (LPG) imports surged to $X in 2022. Overall, imports posted a temperate expansion. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, global imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X tons) and India (X tons) represented roughly X% of total imports in 2022. Japan (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Mexico (X%), South Korea (X%) and Indonesia (X%). The following importers - Kuwait (X tons), Belgium (X tons), Turkey (X tons), the Netherlands (X tons), France (X tons), Morocco (X tons) and Poland (X tons) - together made up X% of total imports.

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

In value terms, the largest liquefied petroleum gas (LPG) importing markets worldwide were China ($X), India ($X) and Japan ($X), with a combined X% share of global imports. Indonesia, South Korea, Kuwait, Mexico, Belgium, Turkey, Morocco, the Netherlands, France and Poland lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Kuwait, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average liquefied petroleum gas (LPG) import price amounted to $X per ton, with an increase of X% against the previous year. In general, the import price, however, showed a mild setback. The most prominent rate of growth was recorded in 2021 an increase of X%. Global import price 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 ($X per ton), while Mexico ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for liquefied petroleum gas (lpg) in the world?

The country with the largest volume of liquefied petroleum gas LPG) consumption was Qatar, accounting for 34% of total volume. Moreover, liquefied petroleum gas LPG) consumption in Qatar exceeded the figures recorded by the second-largest consumer, the United States, fourfold. The third position in this ranking was held by China, with a 7.8% share.

What are the largest producers of liquefied petroleum gas (lpg) in the world?

The countries with the highest volumes of production in 2022 were Qatar, the United States and the United Arab Emirates, together accounting for 73% of global production.

What are the leading suppliers of liquefied petroleum gas (lpg) in the world?

In value terms, the United States, Qatar and the United Arab Emirates appeared to be the countries with the highest levels of exports in 2022, with a combined 66% share of global exports.

What are the leading importers of liquefied petroleum gas (lpg) in the world?

In value terms, the largest liquefied petroleum gas LPG) importing markets worldwide were China, India and Japan, with a combined 41% share of global imports. Indonesia, South Korea, Kuwait, Mexico, Belgium, Turkey, Morocco, the Netherlands, France and Poland lagged somewhat behind, together accounting for a further 29%.

What is the average export price for liquefied petroleum gas (lpg) in the world?

In 2022, the average liquefied petroleum gas LPG) export price amounted to $504 per ton, surging by 12% against the previous year.

What is the average import price for liquefied petroleum gas (lpg) in the world?

The average liquefied petroleum gas LPG) import price stood at $721 per ton in 2022, picking up by 19% against the previous year.

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

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

Global market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Global production, split by region and country
Global trade (exports and imports)
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023