Report Update Apr 1, 2024

Cuba - Liquefied Petroleum Gas (LPG) - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Market for Liquefied Petroleum Gas (LPG) 2024

Market Size for Liquefied Petroleum Gas (LPG) in Cuba

In 2021, after three years of decline, there was significant growth in the Cuban liquefied petroleum gas (LPG) market, when its value increased by 48% to $X. Over the period under review, consumption, however, faced a abrupt downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Exports of Liquefied Petroleum Gas (LPG)

Exports from Cuba

In 2015, overseas shipments of liquefied petroleum gas (LPG) decreased by 0% to X kg for the first time since 2012, thus ending a two-year declining trend. Over the period under review, exports showed a significant curtailment. The smallest decline of 99.9% was in 2013. The exports peaked at X kg in 2012; however, from 2013 to 2015, the exports remained at a lower figure.

In value terms, liquefied petroleum gas (LPG) exports totaled $X in 2015. In general, exports showed a dramatic shrinkage. The smallest decline of 99.9% was in 2013. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2015, the exports remained at a lower figure.

Exports by Country

The Netherlands (X kg) was the main destination for liquefied petroleum gas (LPG) exports from Cuba, accounting for a 89% share of total exports. Moreover, liquefied petroleum gas (LPG) exports to the Netherlands exceeded the volume sent to the second major destination, El Salvador (X kg), eightfold.

From 2012 to 2015, the average annual growth rate of volume to the Netherlands was relatively modest.

In value terms, the Netherlands ($X) and El Salvador ($X) appeared to be the largest markets for liquefied petroleum gas (LPG) exported from Cuba worldwide.

The Netherlands, with a CAGR of 0.0%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average liquefied petroleum gas (LPG) export price stood at $X per ton in 2015, approximately reflecting the previous year. In general, the export price showed a significant curtailment. The most prominent rate of growth was recorded in 2013 when the average export price decreased by 99.9% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2015, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2015, amid the top suppliers, the country with the highest price was El Salvador ($X per ton), while the average price for exports to the Netherlands stood at $X per ton.

From 2012 to 2015, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Liquefied Petroleum Gas (LPG)

Imports into Cuba

In 2021, overseas purchases of liquefied petroleum gas (LPG) were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, saw a abrupt decline. The pace of growth was the most pronounced in 2017 when imports increased by 106%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, liquefied petroleum gas (LPG) imports shrank to $X in 2021. Overall, imports, however, showed a perceptible reduction. The most prominent rate of growth was recorded in 2017 with an increase of 108%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Canada (X tons) constituted the largest liquefied petroleum gas (LPG) supplier to Cuba, accounting for a 63% share of total imports. Moreover, liquefied petroleum gas (LPG) imports from Canada exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume from Canada totaled -8.1%.

In value terms, the Netherlands ($X) constituted the largest supplier of liquefied petroleum gas (LPG) to Cuba, comprising 47% of total imports. The second position in the ranking was held by Canada ($X), with a 2.6% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands amounted to +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-11.7% per year) and Spain (-65.2% per year).

Import Prices by Country

The average liquefied petroleum gas (LPG) import price stood at $X per ton in 2021, declining by -52% against the previous year. Overall, the import price, however, recorded a remarkable increase. The growth pace was the most rapid in 2018 when the average import price increased by 356%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Canada totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+27.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for liquefied petroleum gas (lpg) in the world?

The countries with the highest volumes of consumption in 2021 were China, India and Japan, with a combined 29% share of global consumption.

What are the largest producers of liquefied petroleum gas (lpg) in the world?

The countries with the highest volumes of production in 2021 were Qatar, the United States and the United Arab Emirates, with a combined 70% share of global production.

What are the leading suppliers of liquefied petroleum gas (lpg) to Cuba?

In value terms, the Netherlands constituted the largest supplier of liquefied petroleum gas LPG) to Cuba, comprising 47% of total imports. The second position in the ranking was taken by Canada $529), with a 2.6% share of total imports.

What are the leading importers of liquefied petroleum gas (lpg) from Cuba?

In value terms, the largest markets for liquefied petroleum gas LPG) exported from Cuba were the Netherlands $37) and El Salvador $24).

What is the average export price for liquefied petroleum gas (lpg) in Cuba?

In 2015, the average liquefied petroleum gas LPG) export price amounted to $545 per ton, stabilizing at the previous year.

What is the average import price for liquefied petroleum gas (lpg) in Cuba?

The average liquefied petroleum gas LPG) import price stood at $1,200 per ton in 2021, with a decrease of -52% against the previous year.

This report provides an in-depth analysis of the market for liquefied petroleum gas (lpg) in Cuba. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Cuba

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Cuba
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

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In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023