Puerto Rico: Market for Liquefied Petroleum Gas (LPG) 2025

Market Size for Liquefied Petroleum Gas (LPG) in Puerto Rico

The Puerto Rican liquefied petroleum gas (LPG) market totaled less than $X in 2021, approximately reflecting 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). Over the period under review, consumption saw a relatively flat trend pattern.

Exports of Liquefied Petroleum Gas (LPG)

Exports from Puerto Rico

In 2021, approx. less than X kg of liquefied petroleum gas (LPG) were exported from Puerto Rico; standing approx. at 2020. Over the period under review, exports showed a relatively flat trend pattern.

In value terms, liquefied petroleum gas (LPG) exports stood at less than $X in 2021. In general, exports showed a relatively flat trend pattern.

Exports by Country

Qatar (X tons) and the United States (X tons) were the key exporters of liquefied petroleum gas (LPG) in 2021, amounting to near 32% and 27% of total exports, respectively. The United Arab Emirates (X tons) took the next position in the ranking, distantly followed by Madagascar (X tons). All these countries together held approx. 20% share of total exports. Canada (X tons), Saudi Arabia (X tons), Iran (X tons), Algeria (X tons), Kuwait (X tons), Norway (X tons), Russia (X tons) and the UK (X tons) took a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the United States (with a CAGR of +27.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest liquefied petroleum gas (LPG) supplying countries from Puerto Rico were Qatar ($X), the United Arab Emirates ($X) and the United States ($X), together comprising 73% of total exports.

The United States, with a CAGR of +25.2%, recorded the highest growth rate of 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 Puerto Rico stood at less than $X per ton in 2021, standing approx. at the previous year. In general, the export price saw a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while Madagascar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-1.8%), while the other leaders experienced a decline in the export price figures.

Imports of Liquefied Petroleum Gas (LPG)

Imports into Puerto Rico

In 2021, liquefied petroleum gas (lpg) imports into Puerto Rico was estimated at less than X kg, approximately mirroring the year before. In general, imports showed a relatively flat trend pattern.

In value terms, liquefied petroleum gas (LPG) imports stood at less than $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern.

Imports by Country

China (X tons) and India (X tons) represented roughly 30% of total imports in 2021. It was distantly followed by Japan (X tons), Mexico (X tons), South Korea (X tons) and Indonesia (X tons), together constituting a 24% share of total imports. The following importers - Brazil (X tons), the Netherlands (X tons), Belgium (X tons), Turkey (X tons), France (X tons), Morocco (X tons) and Germany (X tons) - together made up 17% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by China (with a CAGR of +24.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), India ($X) and Japan ($X) constituted the countries with the highest levels of imports in 2021, together comprising 41% of total imports.

China, with a CAGR of +19.2%, recorded the highest rates of growth with regard to the value of imports, among 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

The import price in Puerto Rico stood at less than $X per ton in 2021, therefore, remained relatively stable against the previous year. In general, the import price continues to indicate a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was India ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+2.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform