Dominican Republic: Market for Liquefied Petroleum Gas (LPG) 2024

Market Size for Liquefied Petroleum Gas (LPG) in the Dominican Republic

In 2022, the Dominican liquefied petroleum gas (LPG) market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, saw a resilient expansion. Liquefied petroleum gas (LPG) consumption peaked in 2022 and is expected to retain growth in the immediate term.

Exports of Liquefied Petroleum Gas (LPG)

Exports from the Dominican Republic

In 2022, the amount of liquefied petroleum gas (LPG) exported from the Dominican Republic skyrocketed to X tons, with an increase of X% on the previous year's figure. In general, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, liquefied petroleum gas (LPG) exports surged to $X in 2022. Over the period under review, exports posted measured growth. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Jamaica (X tons) was the main destination for liquefied petroleum gas (LPG) exports from the Dominican Republic, with a X% share of total exports. It was followed by the United States (X tons), with less than X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Jamaica stood at X%.

In value terms, Jamaica ($X) remains the key foreign market for liquefied petroleum gas (LPG) exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with less than X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Jamaica amounted to X%.

Export Prices by Country

The average liquefied petroleum gas (LPG) export price stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the export price continues to indicate a deep setback. The pace of growth was the most pronounced in 2013 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Jamaica totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced a decline.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Imports of Liquefied Petroleum Gas (LPG)

Imports into the Dominican Republic

Liquefied petroleum gas (LPG) imports into the Dominican Republic fell slightly to X tons in 2022, leveling off at 2021 figures. Overall, imports, however, recorded a tangible increase. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, liquefied petroleum gas (LPG) imports surged to $X in 2022. In general, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of liquefied petroleum gas (LPG) to the Dominican Republic, accounting for a X% share of total imports. Moreover, liquefied petroleum gas (LPG) imports from the United States exceeded the figures recorded by the second-largest supplier, Algeria (X tons), more than tenfold. Congo (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Algeria (X% per year) and Congo (X% per year).

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

From 2012 to 2022, the average annual growth rate of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Equatorial Guinea (X% per year) and Chile (X% per year).

Import Prices by Country

In 2022, the average liquefied petroleum gas (LPG) import price amounted to $X per ton, growing by X% against the previous year. In general, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, liquefied petroleum gas (LPG) import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 an increase of X%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Equatorial Guinea ($X per ton), while the price for Algeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Equatorial Guinea (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :