EU: Market for Liquefied Petroleum Gas (LPG) 2024

Market Size for Liquefied Petroleum Gas (LPG) in the EU

After two years of growth, the EU liquefied petroleum gas (LPG) market decreased by X% to $X in 2023. In general, consumption, however, continues to indicate a mild decline. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2023, consumption failed to regain momentum.

Production of Liquefied Petroleum Gas (LPG) in the EU

In value terms, liquefied petroleum gas (LPG) production fell to $X in 2023 estimated in export price. In general, production, however, recorded a pronounced reduction. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Exports of Liquefied Petroleum Gas (LPG)

Exports in the EU

After two years of growth, shipments abroad of liquefied petroleum gas (LPG) decreased by X% to X tons in 2023. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. The volume of export peaked at X tons in 2022, and then fell remarkably in the following year.

In value terms, liquefied petroleum gas (LPG) exports dropped dramatically to $X in 2023. In general, exports showed a perceptible slump. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

In 2023, the Netherlands (X tons), Belgium (X tons), Sweden (X tons), France (X tons), Spain (X tons), Poland (X tons), Latvia (X tons), Germany (X tons), Italy (X tons), Greece (X tons), Romania (X tons) and Lithuania (X tons) represented the largest exporter of liquefied petroleum gas (LPG) in the European Union, committing X% of total export.

From 2012 to 2023, the biggest increases were recorded for Latvia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest liquefied petroleum gas (LPG) supplying countries in the European Union were the Netherlands ($X), Belgium ($X) and Sweden ($X), with a combined X% share of total exports. France, Spain, Poland, Germany, Italy, Lithuania, Greece, Romania and Latvia lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Poland, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2023, declining by X% against the previous year. In general, the export price showed a pronounced descent. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while Latvia ($X per ton) was amongst the lowest.

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

Imports of Liquefied Petroleum Gas (LPG)

Imports in the EU

In 2023, purchases abroad of liquefied petroleum gas (LPG) decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of X%. The volume of import peaked at X tons in 2022, and then dropped in the following year.

In value terms, liquefied petroleum gas (LPG) imports reduced remarkably to $X in 2023. In general, imports recorded a noticeable decline. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, the Netherlands (X tons), Belgium (X tons), France (X tons), Italy (X tons), Germany (X tons), Spain (X tons), Sweden (X tons) and Poland (X tons) represented the major importer of liquefied petroleum gas (LPG) in the European Union, constituting X% of total import.

From 2012 to 2023, the biggest increases were recorded for Sweden (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest liquefied petroleum gas (LPG) importing markets in the European Union were the Netherlands ($X), Belgium ($X) and France ($X), with a combined X% share of total imports. Italy, Germany, Spain, Poland and Sweden lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Spain, 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 more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2023, reducing by X% against the previous year. In general, the import price saw a pronounced descent. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Germany ($X per ton) and Poland ($X per ton), while France ($X per ton) and Sweden ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform