Cameroon: Market for Liquefied Petroleum Gas (LPG) 2024

Market Size for Liquefied Petroleum Gas (LPG) in Cameroon

For the third consecutive year, the Cameroonian liquefied petroleum gas (LPG) market recorded decline in sales value, which decreased by X% to $X in 2023. Over the period under review, consumption showed a deep setback. As a result, consumption reached the peak level of $X. From 2014 to 2023, the growth of the market failed to regain momentum.

Production of Liquefied Petroleum Gas (LPG) in Cameroon

In value terms, liquefied petroleum gas (LPG) production shrank modestly to $X in 2023 estimated in export price. Overall, production, however, recorded a drastic downturn. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2023, production remained at a lower figure.

Exports of Liquefied Petroleum Gas (LPG)

Exports from Cameroon

Liquefied petroleum gas (LPG) exports from Cameroon reduced slightly to X tons in 2023, remaining stable against 2022. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked at X tons in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

In value terms, liquefied petroleum gas (LPG) exports contracted to $X in 2023. In general, exports recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports reached the peak of $X. From 2014 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Congo (X tons) was the main destination for liquefied petroleum gas (LPG) exports from Cameroon, with a X% share of total exports. It was followed by the UK (X kg), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of volume to Congo totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Central African Republic (X% per year).

In value terms, Congo ($X) remains the key foreign market for liquefied petroleum gas (LPG) exports from Cameroon, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value to Congo amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Central African Republic (X% per year).

Export Prices by Country

In 2023, the average liquefied petroleum gas (LPG) export price amounted to $X per ton, waning by X% against the previous year. In general, the export price saw a perceptible curtailment. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Central African Republic (X%), while the prices for the other major destinations experienced a decline.

Imports of Liquefied Petroleum Gas (LPG)

Imports into Cameroon

In 2023, overseas purchases of liquefied petroleum gas (LPG) decreased by X% to X tons, falling for the tenth year in a row after two years of growth. In general, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, liquefied petroleum gas (LPG) imports shrank to $X in 2023. Overall, imports recorded a abrupt decrease. The growth pace was the most rapid in 2013 with an increase of X%. As a result, imports attained the peak of $X. From 2014 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, Italy (X tons) was the main supplier of liquefied petroleum gas (LPG) to Cameroon, accounting for a X% share of total imports. Moreover, liquefied petroleum gas (LPG) imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold.

From 2012 to 2023, the average annual rate of growth in terms of volume from Italy totaled X%.

In value terms, Italy ($X) constituted the largest supplier of liquefied petroleum gas (LPG) to Cameroon, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value from Italy totaled X%.

Import Prices by Country

The average liquefied petroleum gas (LPG) import price stood at $X per ton in 2023, picking up by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Germany totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Congo (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform