Croatia: Market for Liquefied Petroleum Gas (LPG) 2025

Market Size for Liquefied Petroleum Gas (LPG) in Croatia

The Croatian liquefied petroleum gas (LPG) market skyrocketed to $X in 2022, growing by 51% against the previous year. In general, consumption saw prominent growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Liquefied Petroleum Gas (LPG) in Croatia

In value terms, liquefied petroleum gas (LPG) production declined to $X in 2022 estimated in export price. Over the period under review, production, however, showed a noticeable slump. The pace of growth appeared the most rapid in 2021 with an increase of 22% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Liquefied Petroleum Gas (LPG)

Exports from Croatia

In 2022, exports of liquefied petroleum gas (LPG) from Croatia shrank notably to X tons, declining by -18.9% compared with 2021 figures. Overall, exports recorded a perceptible contraction. The pace of growth was the most pronounced in 2016 with an increase of 32%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, liquefied petroleum gas (LPG) exports expanded remarkably to $X in 2022. In general, exports continue to indicate a pronounced downturn. The growth pace was the most rapid in 2021 with an increase of 62%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Bosnia and Herzegovina (X tons), Slovenia (X tons) and Morocco (X tons) were the main destinations of liquefied petroleum gas (LPG) exports from Croatia, with a combined 63% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Morocco (with a CAGR of +41.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for liquefied petroleum gas (LPG) exported from Croatia were Bosnia and Herzegovina ($X), Slovenia ($X) and Morocco ($X), with a combined 63% share of total exports.

Among the main countries of destination, Morocco, with a CAGR of +48.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average liquefied petroleum gas (LPG) export price amounted to $X per ton, surging by 37% against the previous year. Overall, the export price, however, showed a perceptible reduction. The pace of growth appeared the most rapid in 2021 when the average export price increased by 49% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($X per ton), while the average price for exports to Morocco ($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 Turkey (+7.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Liquefied Petroleum Gas (LPG)

Imports into Croatia

In 2022, the amount of liquefied petroleum gas (LPG) imported into Croatia skyrocketed to X tons, increasing by 35% against the previous year's figure. Overall, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2013 when imports increased by 178% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, liquefied petroleum gas (LPG) imports soared to $X in 2022. Over the period under review, imports saw significant growth. The pace of growth was the most pronounced in 2013 with an increase of 152%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Algeria (X tons), Hungary (X tons) and Greece (X tons) were the main suppliers of liquefied petroleum gas (LPG) imports to Croatia, together comprising 59% of total imports. Germany, Italy, Austria, Bulgaria, Serbia, Libya and Russia lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of +272.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Algeria ($X), Hungary ($X) and Greece ($X) appeared to be the largest liquefied petroleum gas (LPG) suppliers to Croatia, together comprising 55% of total imports. Germany, Italy, Bulgaria, Austria, Serbia, Libya and Russia lagged somewhat behind, together accounting for a further 32%.

In terms of the main suppliers, Bulgaria, with a CAGR of +224.3%, 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 average liquefied petroleum gas (LPG) import price stood at $X per ton in 2022, with an increase of 11% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 52%. The import price peaked 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 supplying countries. In 2022, amid the top importers, the country with the highest price was Russia ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Libya (+26.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform