Eastern Europe: Market for Liquefied Petroleum Gas (LPG) 2024

Market Size for Liquefied Petroleum Gas (LPG) in Eastern Europe

In 2022, the East European liquefied petroleum gas (LPG) market increased by X% to $X, rising for the sixth consecutive year after four years of decline. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the near future.

Production of Liquefied Petroleum Gas (LPG) in Eastern Europe

In value terms, liquefied petroleum gas (LPG) production shrank to $X in 2022 estimated in export price. In general, production continues to indicate a perceptible slump. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Exports of Liquefied Petroleum Gas (LPG)

Exports in Eastern Europe

In 2022, shipments abroad of liquefied petroleum gas (LPG) was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Total exports indicated mild growth 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. The pace of growth was the most pronounced in 2016 when exports increased by X%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, liquefied petroleum gas (LPG) exports expanded modestly to $X in 2022. Over the period under review, exports, however, saw a pronounced slump. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia prevails in exports structure, accounting for X tons, which was near X% of total exports in 2022. Poland (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Belarus (X%) and Romania (X%). Latvia (X tons), Lithuania (X tons) and the Czech Republic (X tons) took a relatively small share of total exports.

Exports from Russia increased at an average annual rate of X% from 2012 to 2022. At the same time, Poland (X%) and Latvia (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Belarus (X%), Romania (X%), Lithuania (X%) and the Czech Republic (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Poland and Russia increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest liquefied petroleum gas (LPG) supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Poland ($X), with a X% share of total exports. It was followed by Belarus, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Russia totaled X%. In the other countries, the average annual rates were as follows: Poland (X% per year) and Belarus (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, reducing by X% against the previous year. In general, the export price saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Poland ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced a decline in the export price figures.

Imports of Liquefied Petroleum Gas (LPG)

Imports in Eastern Europe

In 2022, approx. X tons of liquefied petroleum gas (LPG) were imported in Eastern Europe; flattening at 2021. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of X%. The volume of import 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 soared to $X in 2022. In general, imports, however, recorded a perceptible increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Poland represented the largest importing country with an import of about X tons, which recorded X% of total imports. It was distantly followed by Ukraine (X tons), Bulgaria (X tons) and Hungary (X tons), together mixing up a X% share of total imports. Latvia (X tons), Belarus (X tons), the Czech Republic (X tons), Romania (X tons) and Russia (X tons) held a little share of total imports.

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

In value terms, the largest liquefied petroleum gas (LPG) importing markets in Eastern Europe were Poland ($X), Ukraine ($X) and Hungary ($X), together comprising X% of total imports.

In terms of the main importing countries, Ukraine, with a CAGR of X%, saw 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

The import price in Eastern Europe stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Ukraine ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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