Northern America: Market for Liquefied Petroleum Gas (LPG) 2024

Market Size for Liquefied Petroleum Gas (LPG) in Northern America

The North American liquefied petroleum gas (LPG) market contracted remarkably to $X in 2023, declining by X% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Liquefied Petroleum Gas (LPG) in Northern America

In value terms, liquefied petroleum gas (LPG) production fell sharply to $X in 2023 estimated in export price. In general, production posted a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Exports of Liquefied Petroleum Gas (LPG)

Exports in Northern America

For the eighth consecutive year, Northern America recorded growth in shipments abroad of liquefied petroleum gas (LPG), which increased by X% to X tons in 2023. Overall, exports saw a resilient expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The volume of export peaked in 2023 and is expected to retain growth in years to come.

In value terms, liquefied petroleum gas (LPG) exports dropped significantly to $X in 2023. In general, exports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The level of export peaked at $X in 2022, and then shrank remarkably in the following year.

Exports by Country

The United States represented the key exporter of liquefied petroleum gas (LPG) in Northern America, with the volume of exports accounting for X tons, which was near X% of total exports in 2023. It was distantly followed by Canada (X tons), achieving a X% share of total exports.

The United States was also the fastest-growing in terms of the liquefied petroleum gas (LPG) exports, with a CAGR of X% from 2012 to 2023. At the same time, Canada (X%) displayed positive paces of growth. While the share of the United States (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Canada (X p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest liquefied petroleum gas (LPG) supplier in Northern America, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with a X% share of total exports.

In the United States, liquefied petroleum gas (LPG) exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Northern America amounted to $X per ton, which is down by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2022 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%).

Imports of Liquefied Petroleum Gas (LPG)

Imports in Northern America

In 2023, after four years of decline, there was growth in overseas purchases of liquefied petroleum gas (LPG), when their volume increased by X% to X tons. Over the period under review, imports, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2014 when imports increased by X%. As a result, imports attained the peak of X tons. From 2015 to 2023, the growth of imports failed to regain momentum.

In value terms, liquefied petroleum gas (LPG) imports plummeted to $X in 2023. Overall, imports, however, saw a perceptible curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by X%. The level of import peaked at $X in 2022, and then dropped rapidly in the following year.

Imports by Country

The United States was the major importer of liquefied petroleum gas (LPG) in Northern America, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2023. It was distantly followed by Canada (X tons), creating a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to liquefied petroleum gas (LPG) imports into the United States stood at X%. At the same time, Canada (X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Canada increased by X percentage points.

In value terms, the United States ($X) constitutes the largest market for imported liquefied petroleum gas (LPG) in Northern America, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value in the United States stood at X%.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2023, which is down by X% against the previous year. In general, the import price, however, saw a strong expansion. The pace of growth appeared the most rapid in 2021 an increase of X%. The level of import peaked at $X per ton in 2022, and then contracted markedly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%).

Source: IndexBox Platform