Qatar: Market for Liquefied Petroleum Gas (LPG) 2024

Market Size for Liquefied Petroleum Gas (LPG) in Qatar

The Qatari liquefied petroleum gas (LPG) market amounted to $X in 2023, approximately equating the previous year. Over the period under review, consumption showed a abrupt curtailment. The most prominent rate of growth was recorded in 2022 when the market value decreased by X% against the previous year. Liquefied petroleum gas (LPG) consumption peaked at $X in 2013; however, from 2014 to 2023, consumption failed to regain momentum.

Production of Liquefied Petroleum Gas (LPG) in Qatar

In value terms, liquefied petroleum gas (LPG) production reduced remarkably to $X in 2023 estimated in export price. Overall, production continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Liquefied petroleum gas (LPG) production peaked at $X in 2013; however, from 2014 to 2023, production remained at a lower figure.

Exports of Liquefied Petroleum Gas (LPG)

Exports from Qatar

Liquefied petroleum gas (LPG) exports from Qatar totaled X tons in 2023, approximately mirroring 2022 figures. Overall, exports recorded a dramatic downturn. The smallest decline of X% was in 2022. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

In value terms, liquefied petroleum gas (LPG) exports amounted to $X in 2023. In general, exports faced a precipitous contraction. The smallest decline of X% was in 2022. The exports peaked at $X in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for liquefied petroleum gas (LPG) exports from Qatar, with a X% share of total exports. Moreover, liquefied petroleum gas (LPG) exports to China exceeded the volume sent to the second major destination, the Philippines (X tons), sevenfold. Japan (X tons) ranked third in terms of total exports with a X% share.

From 2013 to 2023, the average annual growth rate of volume to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (X% per year) and Japan (X% per year).

It was followed by Japan, with a X% share.

From 2013 to 2023, the average annual rate of growth in terms of value to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (X% per year) and Japan (X% per year).

Export Prices by Country

The average liquefied petroleum gas (LPG) export price stood at $X per ton in 2023, approximately reflecting the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2022 when the average export price decreased by X%. Over the period under review, the average export prices attained the maximum in 2023 and is expected to retain growth in years to come.

Average prices varied noticeably for the major foreign markets. In 2023, amid the top suppliers, the highest price was recorded for prices to Japan ($X per ton) and the Philippines ($X per ton), while the average price for exports to China ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Liquefied Petroleum Gas (LPG)

Imports into Qatar

Liquefied petroleum gas (LPG) imports into Qatar fell sharply to X tons in 2023, waning by X% compared with the year before. Overall, imports recorded a pronounced downturn. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2023, imports failed to regain momentum.

In value terms, liquefied petroleum gas (LPG) imports shrank modestly to $X in 2023. Over the period under review, imports showed a noticeable slump. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked at $X in 2020; however, from 2021 to 2023, imports remained at a lower figure.

Imports by Country

South Korea (X tons), the United States (X tons) and the United Arab Emirates (X tons) were the main suppliers of liquefied petroleum gas (LPG) imports to Qatar, together comprising X% of total imports.

From 2012 to 2023, the biggest increases were recorded for South Korea (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, South Korea ($X) constituted the largest supplier of liquefied petroleum gas (LPG) to Qatar, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from South Korea amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and China (X% per year).

Import Prices by Country

In 2023, the average liquefied petroleum gas (LPG) import price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price recorded slight growth. The pace of growth appeared the most rapid in 2014 an increase of X%. Over the period under review, average import prices attained the maximum at $X per ton in 2017; however, from 2018 to 2023, import prices remained at a 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 China ($X per ton), while the price for Oman ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform