Uruguay: Market for Liquefied Petroleum Gas (LPG) 2024

Market Size for Liquefied Petroleum Gas (LPG) in Uruguay

The Uruguayan liquefied petroleum gas (LPG) market shrank to $X in 2023, waning by X% against the previous year. Over the period under review, the total consumption indicated a perceptible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2015 indices. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Production of Liquefied Petroleum Gas (LPG) in Uruguay

In value terms, liquefied petroleum gas (LPG) production reached $X in 2023 estimated in export price. Overall, the total production indicated a resilient expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, production hit record highs in 2023 and is likely to continue growth in the immediate term.

Exports of Liquefied Petroleum Gas (LPG)

Exports from Uruguay

In 2023, exports of liquefied petroleum gas (LPG) from Uruguay rose remarkably to X tons, picking up by X% compared with the previous year's figure. Overall, exports, however, recorded a noticeable curtailment. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

In value terms, liquefied petroleum gas (LPG) exports rose notably to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Paraguay (X tons) was the main destination for liquefied petroleum gas (LPG) exports from Uruguay, accounting for a X% share of total exports. Moreover, liquefied petroleum gas (LPG) exports to Paraguay exceeded the volume sent to the second major destination, Argentina (X tons), more than tenfold. Brazil (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Paraguay totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (X% per year) and Brazil (X% per year).

In value terms, Paraguay ($X) emerged as the key foreign market for liquefied petroleum gas (LPG) exports from Uruguay, comprising X% of total exports. The second position in the ranking was taken by Slovenia ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value to Paraguay stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (X% per year) and Brazil (X% per year).

Export Prices by Country

In 2023, the average liquefied petroleum gas (LPG) export price amounted to $X per ton, surging by X% against the previous year. Over the period under review, export price indicated a temperate expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, liquefied petroleum gas (LPG) export price increased by X% against 2014 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum in 2023 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Brazil ($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 Slovenia (X%).

Imports of Liquefied Petroleum Gas (LPG)

Imports into Uruguay

In 2023, approx. X tons of liquefied petroleum gas (LPG) were imported into Uruguay; waning by X% on the previous year. Over the period under review, imports showed a abrupt decrease. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, liquefied petroleum gas (LPG) imports declined significantly to $X in 2023. Overall, imports showed a slight descent. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then declined significantly in the following year.

Imports by Country

Argentina (X tons), the United States (X tons) and Trinidad and Tobago (X tons) were the main suppliers of liquefied petroleum gas (LPG) imports to Uruguay, together accounting for X% of total imports. Estonia, Chile, the Dominican Republic and Brazil lagged somewhat behind, together comprising a further X%.

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

In value terms, Argentina ($X), the United States ($X) and Trinidad and Tobago ($X) constituted the largest liquefied petroleum gas (LPG) suppliers to Uruguay, with a combined X% share of total imports. Estonia, Chile, the Dominican Republic and Brazil lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Estonia, 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

In 2023, the average liquefied petroleum gas (LPG) import price amounted to $X per ton, almost unchanged from the previous year. Over the period under review, import price indicated a tangible increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, liquefied petroleum gas (LPG) import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2022 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Trinidad and Tobago ($X per ton), while the price for Estonia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform