Australia and Oceania: Market for Liquefied Petroleum Gas (LPG) 2024

Market Size for Liquefied Petroleum Gas (LPG) in Australia and Oceania

The liquefied petroleum gas (LPG) market in Australia and Oceania contracted sharply to $X in 2022, waning by X% against the previous year. In general, consumption recorded a deep reduction. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Liquefied Petroleum Gas (LPG) in Australia and Oceania

In value terms, liquefied petroleum gas (LPG) production reduced to $X in 2022 estimated in export price. Overall, production continues to indicate a pronounced descent. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Exports of Liquefied Petroleum Gas (LPG)

Exports in Australia and Oceania

In 2022, overseas shipments of liquefied petroleum gas (LPG) increased by X% to X tons, rising for the third consecutive year after three years of decline. In general, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, liquefied petroleum gas (LPG) exports soared to $X in 2022. Overall, exports recorded temperate growth. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The shipments of the one major exporters of liquefied petroleum gas (LPG), namely Australia, represented more than two-thirds of total export.

Australia was also the fastest-growing in terms of the liquefied petroleum gas (LPG) exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest liquefied petroleum gas (LPG) supplier in Australia and Oceania.

In Australia, liquefied petroleum gas (LPG) exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price, however, continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to X% per year.

Imports of Liquefied Petroleum Gas (LPG)

Imports in Australia and Oceania

In 2022, after two years of growth, there was significant decline in supplies from abroad of liquefied petroleum gas (LPG), when their volume decreased by X% to X tons. In general, imports, however, saw moderate growth. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of X tons, and then shrank notably in the following year.

In value terms, liquefied petroleum gas (LPG) imports expanded notably to $X in 2022. Over the period under review, imports recorded a perceptible slump. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Australia (X tons) was the key importer of liquefied petroleum gas (LPG), making up X% of total imports. It was distantly followed by New Zealand (X tons), generating a X% share of total imports. Fiji (X tons) and French Polynesia (X tons) followed a long way behind the leaders.

Imports into Australia increased at an average annual rate of X% from 2012 to 2022. At the same time, New Zealand (X%), Fiji (X%) and French Polynesia (X%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. While the share of New Zealand (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Australia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported liquefied petroleum gas (LPG) in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with an X% share of total imports. It was followed by Fiji, with an X% share.

In Australia, liquefied petroleum gas (LPG) imports decreased by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (X% per year) and Fiji (X% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, saw a abrupt decrease. Over the period under review, import prices hit record highs 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 destination: amid the top importers, the country with the highest price was French Polynesia ($X per ton), while Australia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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