Europe: Market for Liquefied Petroleum Gas (LPG) 2025

Market Size for Liquefied Petroleum Gas (LPG) in Europe

The Europe liquefied petroleum gas (LPG) market rose rapidly to $X in 2022, surging by 14% against the previous year. The total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +80.4% against 2016 indices. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in years to come.

Production of Liquefied Petroleum Gas (LPG) in Europe

In value terms, liquefied petroleum gas (LPG) production dropped to $X in 2022 estimated in export price. In general, production, however, saw a perceptible descent. The pace of growth appeared the most rapid in 2021 when the production volume increased by 28% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Liquefied Petroleum Gas (LPG)

Exports in Europe

In 2022, liquefied petroleum gas (lpg) exports in Europe shrank modestly to X tons, declining by -3.7% on 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 17%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, liquefied petroleum gas (LPG) exports rose sharply to $X in 2022. Over the period under review, exports showed a perceptible shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 72%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Norway (X tons) and Russia (X tons) represented roughly 38% of total exports in 2022. It was distantly followed by the UK (X tons), the Netherlands (X tons), Belgium (X tons), France (X tons), Sweden (X tons) and Spain (X tons), together comprising a 46% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +11.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), the UK ($X) and the Netherlands ($X) were the countries with the highest levels of exports in 2022, together accounting for 44% of total exports. Belgium, Russia, France, Spain and Sweden lagged somewhat behind, together comprising a further 39%.

Spain, with a CAGR of +11.5%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, picking up by 18% against the previous year. Overall, the export price, however, recorded a noticeable decrease. The growth pace was the most rapid in 2021 an increase of 50% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Spain ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+0.2%), while the other leaders experienced a decline in the export price figures.

Imports of Liquefied Petroleum Gas (LPG)

Imports in Europe

In 2022, imports of liquefied petroleum gas (LPG) in Europe shrank to X tons, therefore, remained relatively stable against the year before. The total import volume increased at an average annual rate of +2.9% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 13%. Over the period under review, imports reached the peak figure at X tons in 2021, and then fell modestly in the following year.

In value terms, liquefied petroleum gas (LPG) imports soared to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 65% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

The countries with the highest levels of liquefied petroleum gas (LPG) imports in 2022 were Belgium (X tons), the Netherlands (X tons), France (X tons), Poland (X tons), Italy (X tons), Germany (X tons), Spain (X tons), Ukraine (X tons), Sweden (X tons), the UK (X tons) and Portugal (X tons), together finishing at 87% of total import.

From 2012 to 2022, the biggest increases were recorded for Ukraine (with a CAGR of +10.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the Netherlands ($X) and France ($X) were the countries with the highest levels of imports in 2022, with a combined 37% share of total imports. Italy, Germany, Poland, Spain, Ukraine, Sweden, the UK and Portugal lagged somewhat behind, together accounting for a further 51%.

Ukraine, with a CAGR of +13.3%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Europe amounted to $X per ton, jumping by 21% against the previous year. In general, the import price, however, recorded a pronounced reduction. The pace of growth was the most pronounced in 2021 an increase of 55%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Ukraine ($X per ton) and Germany ($X per ton), while France ($X per ton) and Sweden ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+2.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform