Azerbaijan: Market for Liquefied Petroleum Gas (LPG) 2024

Market Size for Liquefied Petroleum Gas (LPG) in Azerbaijan

After three years of decline, the Azerbaijani liquefied petroleum gas (LPG) market increased by X% to $X in 2022. Overall, consumption, however, recorded a slight descent. Liquefied petroleum gas (LPG) consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Liquefied Petroleum Gas (LPG) in Azerbaijan

In value terms, liquefied petroleum gas (LPG) production totaled $X in 2022 estimated in export price. Over the period under review, production showed a noticeable curtailment. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. Liquefied petroleum gas (LPG) production peaked 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 Azerbaijan

In 2022, approx. X tons of liquefied petroleum gas (LPG) were exported from Azerbaijan; with a decrease of X% on the previous year. In general, exports saw a perceptible setback. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then declined markedly in the following year.

In value terms, liquefied petroleum gas (LPG) exports reduced notably to $X in 2022. Overall, exports faced a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X tons) was the main destination for liquefied petroleum gas (LPG) exports from Azerbaijan, accounting for a X% share of total exports. Moreover, liquefied petroleum gas (LPG) exports to Russia exceeded the volume sent to the second major destination, Turkey (X tons), fivefold. The third position in this ranking was held by Albania (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Albania (X% per year).

In value terms, Russia ($X) remains the key foreign market for liquefied petroleum gas (LPG) exports from Azerbaijan, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports. It was followed by Pakistan, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Russia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Pakistan (X% per year).

Export Prices by Country

The average liquefied petroleum gas (LPG) export price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price, however, saw a deep downturn. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Pakistan ($X per ton), while the average price for exports to Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (X%), while the prices for the other major destinations experienced a decline.

Imports of Liquefied Petroleum Gas (LPG)

Imports into Azerbaijan

In 2022, the amount of liquefied petroleum gas (LPG) imported into Azerbaijan skyrocketed to X tons, picking up by X% compared with the previous year's figure. In general, imports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, liquefied petroleum gas (LPG) imports fell notably to $X in 2022. Over the period under review, imports, however, continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Iran (X tons) constituted the largest liquefied petroleum gas (LPG) supplier to Azerbaijan, with a X% share of total imports. Moreover, liquefied petroleum gas (LPG) imports from Iran exceeded the figures recorded by the second-largest supplier, Romania (X tons), more than tenfold. The third position in this ranking was held by China (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Iran totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (X% per year) and China (X% per year).

In value terms, Iran ($X) constituted the largest supplier of liquefied petroleum gas (LPG) to Azerbaijan, comprising X% of total imports. The second position in the ranking was taken by Romania ($X), with an X% share of total imports. It was followed by the United Arab Emirates, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Iran amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

The average liquefied petroleum gas (LPG) import price stood at $X per ton in 2022, declining by X% against the previous year. Overall, the import price, however, recorded prominent growth. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, import price reached the peak level of $X per ton, and then fell remarkably in the following year.

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

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

Source: IndexBox Platform

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