CIS: Market for Liquefied Petroleum Gas (LPG) 2025

Market Size for Liquefied Petroleum Gas (LPG) in CIS

The CIS liquefied petroleum gas (LPG) market expanded modestly to $X in 2022, increasing by 2.5% against the previous year. Over the period under review, consumption, however, saw a slight contraction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Liquefied Petroleum Gas (LPG) in CIS

In value terms, liquefied petroleum gas (LPG) production dropped to $X in 2022 estimated in export price. Overall, production continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2021 when the production volume increased by 25%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Liquefied Petroleum Gas (LPG)

Exports in CIS

In 2022, overseas shipments of liquefied petroleum gas (LPG) decreased by -8.3% to X tons, falling for the fourth year in a row after three years of growth. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 17%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, liquefied petroleum gas (LPG) exports contracted to $X in 2022. Over the period under review, exports recorded a perceptible descent. The most prominent rate of growth was recorded in 2017 with an increase of 45%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Russia (X tons) represented the largest exporter of liquefied petroleum gas (LPG), constituting 67% of total exports. Kazakhstan (X tons) took a 25% share (based on physical terms) of total exports, which put it in second place, followed by Belarus (7.2%).

Russia was also the fastest-growing in terms of the liquefied petroleum gas (LPG) exports, with a CAGR of +2.3% from 2012 to 2022. Belarus (-1.6%) and Kazakhstan (-5.3%) illustrated a downward trend over the same period. Russia (+17 p.p.) significantly strengthened its position in terms of the total exports, while Kazakhstan saw its share reduced by -15.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X), Kazakhstan ($X) and Belarus ($X) constituted the countries with the highest levels of exports in 2022, with a combined 98% share of total exports.

In terms of the main exporting countries, Russia, with a CAGR of -3.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, dropping by -5% against the previous year. Over the period under review, the export price recorded a noticeable contraction. The most prominent rate of growth was recorded in 2021 an increase of 55%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (-1.1%), while the other leaders experienced a decline in the export price figures.

Imports of Liquefied Petroleum Gas (LPG)

Imports in CIS

In 2022, overseas purchases of liquefied petroleum gas (LPG) decreased by -2.9% to X tons, falling for the fourth consecutive year after two years of growth. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 47% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, liquefied petroleum gas (LPG) imports fell to $X in 2022. Overall, imports saw a slight setback. The most prominent rate of growth was recorded in 2017 when imports increased by 62%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Tajikistan was the main importer of liquefied petroleum gas (LPG) in the CIS, with the volume of imports amounting to X tons, which was near 42% of total imports in 2022. Belarus (X tons) took a 23% share (based on physical terms) of total imports, which put it in second place, followed by Russia (16%), Moldova (7.2%), Armenia (6.1%) and Kyrgyzstan (5.6%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Armenia (with a CAGR of +20.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Tajikistan ($X) constitutes the largest market for imported liquefied petroleum gas (LPG) in the CIS, comprising 44% of total imports. The second position in the ranking was taken by Belarus ($X), with an 18% share of total imports. It was followed by Russia, with a 16% share.

From 2012 to 2022, the average annual growth rate of value in Tajikistan amounted to +1.9%. In the other countries, the average annual rates were as follows: Belarus (-6.7% per year) and Russia (-7.5% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, dropping by -11% against the previous year. In general, the import price showed a perceptible setback. The most prominent rate of growth was recorded in 2021 when the import price increased by 45%. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Moldova ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Moldova (+1.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform