Canada - Liquefied Petroleum Gas (LPG) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Liquefied Petroleum Gas (LPG) in Canada - 2023
Contents:
- Price for Liquefied Petroleum Gas (LPG) in Canada (FOB) - 2023
- Price for Liquefied Petroleum Gas (LPG) in Canada (CIF) - 2023
- Exports of Liquefied Petroleum Gas (LPG) in Canada
- Imports of Liquefied Petroleum Gas (LPG) in Canada
Price for Liquefied Petroleum Gas (LPG) in Canada (FOB) - 2023
The average liquefied petroleum gas (LPG) export price stood at $240 per ton in September 2023, dropping by -4.2% against the previous month. In general, the export price recorded a perceptible setback. The growth pace was the most rapid in November 2022 when the average export price increased by 8.3% month-to-month. Over the period under review, the average export prices hit record highs at $379 per ton in September 2022; however, from October 2022 to September 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In September 2023, the country with the highest price was South Korea ($264 per ton), while the average price for exports to Japan ($227 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (-0.0%), while the prices for the other major destinations experienced a decline.
Price for Liquefied Petroleum Gas (LPG) in Canada (CIF) - 2023
In September 2023, the average liquefied petroleum gas (LPG) import price amounted to $304 per ton, rising by 35% against the previous month. In general, the import price, however, saw a mild descent. Over the period under review, average import prices attained the peak figure at $358 per ton in September 2022; however, from October 2022 to September 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From September 2022 to September 2023, the rate of growth in terms of prices for the United States amounted to -1.4% per month.
Exports of Liquefied Petroleum Gas (LPG) in Canada
In 2022, exports of liquefied petroleum gas (LPG) from Canada expanded remarkably to 16M tons, picking up by 7.5% against 2021. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +11.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.1% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 55% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, liquefied petroleum gas (LPG) exports surged to $5.3B in 2022. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 127%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
Export of Liquefied Petroleum Gas (LPG) in Canada (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 1,945 | 1,426 | 2,994 | 3,415 | 20.6% |
Japan | 238 | 339 | 851 | 1,390 | 80.1% |
South Korea | N/A | 13.5 | 221 | 376 | 427.7% |
Mexico | 267 | 109 | 282 | 117 | -24.0% |
Others | 1.0 | 38.5 | 24.8 | 46.8 | 260.4% |
Total | 2,452 | 1,926 | 4,373 | 5,344 | 29.7% |
Top Export Markets for Liquefied Petroleum Gas (LPG) from Canada in 2022:
- United States (10.6M tons)
- Japan (3.6M tons)
- South Korea (1.3M tons)
- Mexico (0.3M tons)
Imports of Liquefied Petroleum Gas (LPG) in Canada
In 2022, overseas purchases of liquefied petroleum gas (LPG) decreased by -29.5% to 601K tons, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 28% against the previous year. As a result, imports reached the peak of 935K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, liquefied petroleum gas (LPG) imports soared to $227M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +15.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.4% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Liquefied Petroleum Gas (LPG) in Canada (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 143 | 170 | 182 | 219 | 15.3% |
Others | 3.2 | 4.4 | 5.3 | 8.3 | 37.4% |
Total | 146 | 174 | 188 | 227 | 15.8% |
Top Suppliers of Liquefied Petroleum Gas (LPG) to Canada in 2022:
- United States (594.8K tons)
This report provides an in-depth analysis of the market for liquefied petroleum gas (lpg) in Canada. 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:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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