Belgium: Market for Liquefied Petroleum Gas (LPG) 2025

Market Size for Liquefied Petroleum Gas (LPG) in Belgium

The Belgian liquefied petroleum gas (LPG) market skyrocketed to $X in 2022, jumping by 24% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a temperate increase. Liquefied petroleum gas (LPG) consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Exports of Liquefied Petroleum Gas (LPG)

Exports from Belgium

After two years of growth, overseas shipments of liquefied petroleum gas (LPG) decreased by -3.7% to X tons in 2022. Over the period under review, exports, however, saw pronounced growth. The pace of growth appeared the most rapid in 2020 with an increase of 78% against the previous year. The exports peaked at X tons in 2021, and then dropped modestly in the following year.

In value terms, liquefied petroleum gas (LPG) exports surged to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 114% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Germany (X tons) was the main destination for liquefied petroleum gas (LPG) exports from Belgium, with a 75% share of total exports. Moreover, liquefied petroleum gas (LPG) exports to Germany exceeded the volume sent to the second major destination, the Netherlands (X tons), fivefold. France (X tons) ranked third in terms of total exports with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled +5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-0.0% per year) and France (-8.4% per year).

In value terms, Germany ($X) remains the key foreign market for liquefied petroleum gas (LPG) exports from Belgium, comprising 75% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 13% share of total exports. It was followed by Poland, with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to +2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-1.9% per year) and Poland (+53.5% per year).

Export Prices by Country

The average liquefied petroleum gas (LPG) export price stood at $X per ton in 2022, picking up by 48% against the previous year. Over the period under review, the export price, however, recorded a perceptible setback. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Poland ($X per ton) and Germany ($X per ton), while the average price for exports to the UK ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-1.9%), while the prices for the other major destinations experienced a decline.

Imports of Liquefied Petroleum Gas (LPG)

Imports into Belgium

In 2022, supplies from abroad of liquefied petroleum gas (LPG) increased by 4.1% to X tons, rising for the fifth consecutive year after four years of decline. Over the period under review, imports continue to indicate a noticeable increase. The most prominent rate of growth was recorded in 2020 with an increase of 36%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, liquefied petroleum gas (LPG) imports surged to $X in 2022. Overall, imports enjoyed a slight expansion. The pace of growth was the most pronounced in 2021 with an increase of 87% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of liquefied petroleum gas (LPG) to Belgium, with a 50% share of total imports. Moreover, liquefied petroleum gas (LPG) imports from the United States exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. Norway (X tons) ranked third in terms of total imports with a 9.7% share.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at +40.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-1.9% per year) and Norway (-7.4% per year).

In value terms, the United States ($X) constituted the largest supplier of liquefied petroleum gas (LPG) to Belgium, comprising 45% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 19% share of total imports. It was followed by Norway, with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to +36.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-3.2% per year) and Norway (-9.9% per year).

Import Prices by Country

The average liquefied petroleum gas (LPG) import price stood at $X per ton in 2022, rising by 19% against the previous year. Overall, the import price, however, continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2021 when the average import price increased by 67% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Turkey ($X per ton) and Germany ($X per ton), while the price for the United States ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform