MENA: Market for Liquefied Petroleum Gas (LPG) 2024

Market Size for Liquefied Petroleum Gas (LPG) in MENA

The MENA's liquefied petroleum gas (LPG) market soared to $X in 2022, picking up by X% against the previous year. Overall, consumption, however, saw a slight decrease. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Liquefied Petroleum Gas (LPG) in MENA

In value terms, liquefied petroleum gas (LPG) production reduced to $X in 2022 estimated in export price. In general, production continues to indicate a mild contraction. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Liquefied Petroleum Gas (LPG)

Exports in MENA

In 2022, liquefied petroleum gas (lpg) exports in MENA fell sharply to X tons, reducing by X% compared with 2021 figures. In general, exports, however, posted a strong expansion. The pace of growth appeared the most rapid 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 notably in the following year.

In value terms, liquefied petroleum gas (LPG) exports dropped dramatically to $X in 2022. Overall, exports, however, showed resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then reduced markedly in the following year.

Exports by Country

In 2022, Qatar (X tons) was the main exporter of liquefied petroleum gas (LPG), mixing up X% of total exports. The United Arab Emirates (X tons) ranks second in terms of the total exports with a X% share, followed by Saudi Arabia (X%) and Algeria (X%). Kuwait (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest liquefied petroleum gas (LPG) supplying countries in MENA were Qatar ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), together accounting for X% of total exports.

The United Arab Emirates, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, approximately equating the previous year. In general, the export price recorded a pronounced slump. The pace of growth appeared the most rapid in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Saudi Arabia ($X per ton) and the United Arab Emirates ($X per ton), while Kuwait ($X per ton) and Algeria ($X per ton) were amongst the lowest.

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

Imports of Liquefied Petroleum Gas (LPG)

Imports in MENA

In 2022, overseas purchases of liquefied petroleum gas (LPG) increased by X% to X tons, rising for the second year in a row after three years of decline. Total imports indicated a tangible expansion 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. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, liquefied petroleum gas (LPG) imports soared to $X in 2022. Overall, imports enjoyed moderate growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Kuwait (X tons), Turkey (X tons) and Morocco (X tons) represented the main importer of liquefied petroleum gas (LPG) in MENA, committing X% of total import. It was distantly followed by Egypt (X tons), generating a X% share of total imports. Tunisia (X tons), Algeria (X tons) and the United Arab Emirates (X tons) followed a long way behind the leaders.

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

In value terms, Kuwait ($X), Turkey ($X) and Morocco ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports.

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

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the import price, however, recorded a mild curtailment. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. 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.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Morocco ($X per ton), while the United Arab Emirates ($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 leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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