Qatar: Market for Liquefied Petroleum Gas (LPG) 2024

Market Size for Liquefied Petroleum Gas (LPG) in Qatar

The Qatari liquefied petroleum gas (LPG) market totaled $X in 2022, picking up by X% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Production of Liquefied Petroleum Gas (LPG) in Qatar

In value terms, liquefied petroleum gas (LPG) production shrank slightly to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Liquefied petroleum gas (LPG) production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of Liquefied Petroleum Gas (LPG)

Exports from Qatar

In 2022, approx. X tons of liquefied petroleum gas (LPG) were exported from Qatar; which is down by X% against the previous year. In general, exports faced a significant contraction. Over the period under review, the exports reached the peak figure at X tons in 2021, and then fell remarkably in the following year.

In value terms, liquefied petroleum gas (LPG) exports fell notably to $X in 2022. Over the period under review, exports faced a significant decrease. Over the period under review, the exports hit record highs at $X in 2021, and then contracted notably in the following year.

Exports by Country

China (X tons), India (X tons) and Indonesia (X tons) were the main destinations of liquefied petroleum gas (LPG) exports from Qatar, with a combined X% share of total exports. Taiwan (Chinese), Vietnam, Japan, Thailand, South Korea and Singapore lagged somewhat behind, together comprising a further X%.

From 2013 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for liquefied petroleum gas (LPG) exported from Qatar were China ($X), India ($X) and Indonesia ($X), with a combined X% share of total exports. Taiwan (Chinese), Vietnam, Japan, Thailand, South Korea and Singapore lagged somewhat behind, together accounting for a further X%.

Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the average liquefied petroleum gas (LPG) export price amounted to $X per ton, remaining constant against the previous year. Overall, the export price saw a relatively flat trend pattern. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2013 to 2022, 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 a decline.

Imports of Liquefied Petroleum Gas (LPG)

Imports into Qatar

In 2022, the amount of liquefied petroleum gas (LPG) imported into Qatar declined rapidly to X tons, which is down by X% compared with 2021 figures. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, liquefied petroleum gas (LPG) imports shrank significantly to $X in 2022. In general, imports saw a noticeable reduction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Oman (X tons) constituted the largest liquefied petroleum gas (LPG) supplier to Qatar, with a X% share of total imports. Moreover, liquefied petroleum gas (LPG) imports from Oman exceeded the figures recorded by the second-largest supplier, South Korea (X tons), twofold. The third position in this ranking was taken by Germany (X tons), with an X% share.

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

In value terms, the largest liquefied petroleum gas (LPG) suppliers to Qatar were Oman ($X), South Korea ($X) and China ($X), with a combined X% share of total imports.

In terms of the main suppliers, Oman, 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 2022, the average liquefied petroleum gas (LPG) import price amounted to $X per ton, growing by X% against the previous year. In general, the import price, however, continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2017 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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