Libya: Market for Liquefied Petroleum Gas (LPG) 2025

Market Size for Liquefied Petroleum Gas (LPG) in Libya

The Libyan liquefied petroleum gas (LPG) market expanded notably to $X in 2022, with an increase of 13% against the previous year. In general, consumption, however, saw a mild setback. Liquefied petroleum gas (LPG) consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Liquefied Petroleum Gas (LPG) in Libya

In value terms, liquefied petroleum gas (LPG) production contracted modestly to $X in 2022 estimated in export price. In general, production showed a noticeable setback. The growth pace was the most rapid in 2017 when the production volume increased by 18% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Liquefied Petroleum Gas (LPG)

Exports from Libya

In 2022, the amount of liquefied petroleum gas (LPG) exported from Libya reduced rapidly to X tons, falling by -16.4% on the previous year's figure. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 61% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, liquefied petroleum gas (LPG) exports shrank dramatically to $X in 2022. In general, exports showed a deep contraction. The pace of growth was the most pronounced in 2018 with an increase of 67%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Italy (X tons) was the main destination for liquefied petroleum gas (LPG) exports from Libya, with a 56% share of total exports. Moreover, liquefied petroleum gas (LPG) exports to Italy exceeded the volume sent to the second major destination, Lebanon (X tons), threefold. Tunisia (X tons) ranked third in terms of total exports with a 7.8% share.

From 2012 to 2022, the average annual growth rate of volume to Italy totaled +3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lebanon (+4.8% per year) and Tunisia (-0.2% per year).

In value terms, Italy ($X) remains the key foreign market for liquefied petroleum gas (LPG) exports from Libya, comprising 47% of total exports. The second position in the ranking was held by Lebanon ($X), with an 18% share of total exports. It was followed by the United States, with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy stood at -5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lebanon (-3.2% per year) and the United States (-3.1% per year).

Export Prices by Country

The average liquefied petroleum gas (LPG) export price stood at $X per ton in 2022, waning by -2.1% against the previous year. Overall, the export price continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2017 when the average export price increased by 30%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to France ($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 the United States (+8.1%), while the prices for the other major destinations experienced a decline.

Imports of Liquefied Petroleum Gas (LPG)

Imports into Libya

In 2022, overseas purchases of liquefied petroleum gas (LPG) decreased by -13.5% to X tons for the first time since 2017, thus ending a four-year rising trend. Over the period under review, imports recorded a dramatic slump. The pace of growth appeared the most rapid in 2014 with an increase of 13,938%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, liquefied petroleum gas (LPG) imports contracted to $X in 2022. In general, imports saw a sharp reduction. The growth pace was the most rapid in 2014 with an increase of 15,601% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) constituted the largest liquefied petroleum gas (LPG) supplier to Libya, accounting for a 16% share of total imports. Moreover, liquefied petroleum gas (LPG) imports from the United States exceeded the figures recorded by the second-largest supplier, Turkey (X tons), sevenfold. France (X kg) ranked third in terms of total imports with a 0.5% share.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled +29.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-0.2% per year) and France (-59.4% per year).

In value terms, the United States ($X) constituted the largest supplier of liquefied petroleum gas (LPG) to Libya, comprising 16% of total imports. The second position in the ranking was held by the UK ($X), with a 2.7% share of total imports. It was followed by Turkey, with a 2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to +19.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-3.3% per year) and Turkey (-17.7% per year).

Import Prices by Country

The average liquefied petroleum gas (LPG) import price stood at $X per ton in 2022, with an increase of 7.9% against the previous year. Over the period under review, the import price, however, showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2017 when the average import price increased by 194%. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform