Australia and Oceania: Market for Liquefied Petroleum Gas (LPG) 2025

Market Size for Liquefied Petroleum Gas (LPG) in Australia and Oceania

The liquefied petroleum gas (LPG) market in Australia and Oceania shrank remarkably to $X in 2022, dropping by -82.4% against the previous year. In general, consumption saw a abrupt downturn. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Liquefied Petroleum Gas (LPG) in Australia and Oceania

In value terms, liquefied petroleum gas (LPG) production dropped 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 when the production volume increased by 20%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Liquefied Petroleum Gas (LPG)

Exports in Australia and Oceania

In 2022, shipments abroad of liquefied petroleum gas (LPG) increased by 12% to X tons, rising for the third year in a row after three years of decline. Overall, exports recorded prominent growth. The most prominent rate of growth was recorded in 2020 when exports increased by 221%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, liquefied petroleum gas (LPG) exports surged to $X in 2022. Over the period under review, exports saw a notable expansion. The growth pace was the most rapid in 2020 with an increase of 174% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Australia (X tons) represented roughly 99% of total exports in 2022.

Australia was also the fastest-growing in terms of the liquefied petroleum gas (LPG) exports, with a CAGR of +7.0% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest liquefied petroleum gas (LPG) supplier in Australia and Oceania.

In Australia, liquefied petroleum gas (LPG) exports increased at an average annual rate of +2.4% over the period from 2012-2022.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, picking up by 3.8% against the previous year. Over the period under review, the export price, however, showed a pronounced slump. The pace of growth appeared the most rapid in 2021 when the export price increased by 31%. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to -4.3% per year.

Imports of Liquefied Petroleum Gas (LPG)

Imports in Australia and Oceania

In 2022, after two years of growth, there was significant decline in supplies from abroad of liquefied petroleum gas (LPG), when their volume decreased by -61.9% to X tons. Over the period under review, imports, however, continue to indicate measured growth. The growth pace was the most rapid in 2021 when imports increased by 141% against the previous year. As a result, imports reached the peak of X tons, and then dropped sharply in the following year.

In value terms, liquefied petroleum gas (LPG) imports rose sharply to $X in 2022. Overall, imports saw a noticeable reduction. The pace of growth appeared the most rapid in 2021 with an increase of 51% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Australia was the key importer of liquefied petroleum gas (LPG) in Australia and Oceania, with the volume of imports recording X tons, which was near 83% of total imports in 2022. It was distantly followed by New Zealand (X tons), committing a 10% share of total imports. Fiji (X tons) and French Polynesia (X tons) took a little share of total imports.

Imports into Australia increased at an average annual rate of +2.0% from 2012 to 2022. At the same time, New Zealand (+16.4%), Fiji (+3.9%) and French Polynesia (+1.2%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +16.4% from 2012-2022. While the share of New Zealand (+7.4 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Australia (-3.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported liquefied petroleum gas (LPG) in Australia and Oceania, comprising 73% of total imports. The second position in the ranking was taken by New Zealand ($X), with an 11% share of total imports. It was followed by Fiji, with an 8.5% share.

In Australia, liquefied petroleum gas (LPG) imports decreased by an average annual rate of -4.5% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+9.2% per year) and Fiji (+6.3% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, surging by 180% against the previous year. Overall, the import price, however, showed a abrupt downturn. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was French Polynesia ($X per ton), while Australia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by French Polynesia (+2.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform