CIS: Market for Liquefied Petroleum Gas (LPG) 2024

Market Size for Liquefied Petroleum Gas (LPG) in CIS

In 2023, the CIS liquefied petroleum gas (LPG) market increased by X% to $X, rising for the third consecutive year after two years of decline. In general, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked in 2023 and is expected to retain growth in years to come.

Production of Liquefied Petroleum Gas (LPG) in CIS

In value terms, liquefied petroleum gas (LPG) production amounted to $X in 2023 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Exports of Liquefied Petroleum Gas (LPG)

Exports in CIS

In 2023, overseas shipments of liquefied petroleum gas (LPG) decreased by X% to X tons, falling for the fifth year in a row after seven years of growth. In general, exports showed a pronounced contraction. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

In value terms, liquefied petroleum gas (LPG) exports fell to $X in 2023. Overall, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The level of export peaked at $X in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

Exports by Country

Kazakhstan (X tons) and Russia (X tons) prevails in exports structure, together creating X% of total exports. It was distantly followed by Belarus (X tons), committing a X% share of total exports. Azerbaijan (X tons) held a little share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Azerbaijan (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, Russia ($X), Kazakhstan ($X) and Belarus ($X) constituted the countries with the highest levels of exports in 2023, together accounting for X% of total exports. Azerbaijan lagged somewhat behind, comprising a further X%.

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

Export Prices by Country

The export price in the CIS stood at $X per ton in 2023, falling by X% against the previous year. In general, the export price showed a perceptible setback. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Russia ($X per ton), while Azerbaijan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%), while the other leaders experienced a decline in the export price figures.

Imports of Liquefied Petroleum Gas (LPG)

Imports in CIS

In 2023, liquefied petroleum gas (lpg) imports in the CIS shrank to X tons, dropping by X% on the year before. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of import peaked at X tons in 2019; however, from 2020 to 2023, imports failed to regain momentum.

In value terms, liquefied petroleum gas (LPG) imports contracted to $X in 2023. Over the period under review, imports continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Tajikistan (X tons) and Belarus (X tons) represented roughly X% of total imports in 2023. Russia (X tons) ranks next in terms of the total imports with a X% share, followed by Moldova (X%). The following importers - Armenia (X tons) and Kyrgyzstan (X tons) - together made up X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Armenia (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest liquefied petroleum gas (LPG) importing markets in the CIS were Tajikistan ($X), Belarus ($X) and Russia ($X), together comprising X% of total imports. Moldova, Kyrgyzstan and Armenia lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Armenia, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in the CIS stood at $X per ton in 2023, with an increase of X% against the previous year. Overall, the import price, however, recorded a pronounced contraction. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Kyrgyzstan ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform