Kuwait: Market for Liquefied Petroleum Gas (LPG) 2024

Market Size for Liquefied Petroleum Gas (LPG) in Kuwait

The Kuwaiti liquefied petroleum gas (LPG) market surged to $X in 2022, growing by X% against the previous year. Over the period under review, consumption continues to indicate a significant expansion. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in the immediate term.

Production of Liquefied Petroleum Gas (LPG) in Kuwait

In value terms, liquefied petroleum gas (LPG) production fell modestly to $X in 2022 estimated in export price. Overall, production recorded a mild decrease. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Liquefied petroleum gas (LPG) production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

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Exports of Liquefied Petroleum Gas (LPG)

Exports from Kuwait

In 2022, approx. X tons of liquefied petroleum gas (LPG) were exported from Kuwait; waning by X% compared with 2021 figures. Over the period under review, exports saw a mild setback. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, liquefied petroleum gas (LPG) exports reduced to $X in 2022. Overall, exports saw a abrupt setback. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

India (X tons) was the main destination for liquefied petroleum gas (LPG) exports from Kuwait, with a X% share of total exports. Moreover, liquefied petroleum gas (LPG) exports to India exceeded the volume sent to the second major destination, China (X tons), threefold. Japan (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to India amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Japan (X% per year).

In value terms, India ($X) remains the key foreign market for liquefied petroleum gas (LPG) exports from Kuwait, comprising X% of total exports. The second position in the ranking was taken by China ($X), with an X% share of total exports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual growth rate of value to India totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Japan (X% per year).

Export Prices by Country

The average liquefied petroleum gas (LPG) export price stood at $X per ton in 2022, approximately equating the previous year. In general, the export price continues to indicate a deep slump. The pace of growth appeared the most rapid in 2017 an increase of X%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 the Philippines (X%), while the prices for the other major destinations experienced a decline.

Imports of Liquefied Petroleum Gas (LPG)

Imports into Kuwait

In 2022, imports of liquefied petroleum gas (LPG) into Kuwait soared to X tons, growing by X,923% compared with 2021. Over the period under review, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, liquefied petroleum gas (LPG) imports skyrocketed to $X in 2022. In general, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest supplier of liquefied petroleum gas (LPG) to Kuwait, with a X% share of total imports. Moreover, liquefied petroleum gas (LPG) imports from Malaysia exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Malaysia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and the United States (X% per year).

In value terms, Malaysia ($X) constituted the largest supplier of liquefied petroleum gas (LPG) to Kuwait, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Malaysia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and the United States (X% per year).

Import Prices by Country

In 2022, the average liquefied petroleum gas (LPG) import price amounted to $X per ton, which is down by X% against the previous year. In general, the import price showed a abrupt curtailment. The growth pace was the most rapid in 2014 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%).

Source: IndexBox Platform

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