Portugal: Market for Liquefied Petroleum Gas (LPG) 2024

Market Size for Liquefied Petroleum Gas (LPG) in Portugal

For the fourth consecutive year, the Portuguese liquefied petroleum gas (LPG) market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption, however, posted a resilient expansion. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Exports of Liquefied Petroleum Gas (LPG)

Exports from Portugal

In 2022, after two years of decline, there was significant growth in overseas shipments of liquefied petroleum gas (LPG), when their volume increased by X% to X tons. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, liquefied petroleum gas (LPG) exports surged to $X in 2022. Overall, exports continue to indicate a modest expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

The Netherlands (X tons), Spain (X tons) and Belgium (X tons) were the main destinations of liquefied petroleum gas (LPG) exports from Portugal, with a combined X% share of total exports. Morocco, Senegal, Poland, Cameroon and Tunisia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Spain ($X) and Belgium ($X) appeared to be the largest markets for liquefied petroleum gas (LPG) exported from Portugal worldwide, together comprising X% of total exports. Morocco, Poland, Tunisia, Cameroon and Senegal lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average liquefied petroleum gas (LPG) export price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. The export price peaked in 2022 and is likely to continue growth in years to come.

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 Netherlands ($X per ton), while the average price for exports to Senegal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tunisia (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Imports of Liquefied Petroleum Gas (LPG)

Imports into Portugal

In 2022, supplies from abroad of liquefied petroleum gas (LPG) increased by X% to X tons, rising for the fourth consecutive year after four years of decline. Overall, total imports indicated a remarkable increase from 2012 to 2022: its volume 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, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, liquefied petroleum gas (LPG) imports surged to $X in 2022. Over the period under review, imports recorded noticeable growth. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of liquefied petroleum gas (LPG) to Portugal, with 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, the UK (X tons), fourfold. The third position in this ranking was taken by Spain (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and Spain (X% per year).

In value terms, the United States ($X) constituted the largest supplier of liquefied petroleum gas (LPG) to Portugal, comprising X% of total imports. The second position in the ranking was held by the UK ($X), with a X% share of total imports. It was followed by Spain, 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: the UK (X% per year) and Spain (X% per year).

Import Prices by Country

The average liquefied petroleum gas (LPG) import price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price, however, showed a noticeable slump. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Spain ($X per ton) and the Netherlands ($X per ton), while the price for Algeria ($X per ton) and Equatorial Guinea ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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