Western Africa: Market for Liquefied Petroleum Gas (LPG) 2025

Market Size for Liquefied Petroleum Gas (LPG) in Western Africa

In 2022, the West African liquefied petroleum gas (LPG) market decreased by -10.1% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, enjoyed a prominent expansion. Over the period under review, the market hit record highs at $X in 2021, and then shrank in the following year.

Production of Liquefied Petroleum Gas (LPG) in Western Africa

In value terms, liquefied petroleum gas (LPG) production shrank slightly to $X in 2022 estimated in export price. Overall, production showed a perceptible descent. The pace of growth was the most pronounced in 2018 with an increase of 19%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Liquefied Petroleum Gas (LPG)

Exports in Western Africa

In 2022, overseas shipments of liquefied petroleum gas (LPG) increased by 92% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in 2015 with an increase of 167% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, liquefied petroleum gas (LPG) exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a drastic downturn. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Nigeria dominates exports structure, accounting for X tons, which was approx. 89% of total exports in 2022. It was distantly followed by Togo (X tons), generating an 8.9% share of total exports.

Exports from Nigeria decreased at an average annual rate of -5.8% from 2012 to 2022. At the same time, Togo (+39.2%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +39.2% from 2012-2022. While the share of Togo (+8.7 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Nigeria (-9.3 p.p.) displayed negative dynamics.

In value terms, Nigeria ($X) remains the largest liquefied petroleum gas (LPG) supplier in Western Africa, comprising 79% of total exports. The second position in the ranking was taken by Togo ($X), with an 18% share of total exports.

In Nigeria, liquefied petroleum gas (LPG) exports shrank by an average annual rate of -12.2% over the period from 2012-2022.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, growing by 2.5% against the previous year. Overall, the export price, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2018 an increase of 24%. 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 Togo ($X per ton), while Nigeria amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Togo (-2.3%).

Imports of Liquefied Petroleum Gas (LPG)

Imports in Western Africa

For the fifth consecutive year, Western Africa recorded growth in supplies from abroad of liquefied petroleum gas (LPG), which increased by 9.5% to X tons in 2022. Overall, imports showed a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of 54%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, liquefied petroleum gas (LPG) imports expanded markedly to $X in 2022. Over the period under review, imports recorded a strong increase. The growth pace was the most rapid in 2013 with an increase of 45%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

Cote d'Ivoire was the main importer of liquefied petroleum gas (LPG) in Western Africa, with the volume of imports reaching X tons, which was near 37% of total imports in 2022. Senegal (X tons) took the second position in the ranking, followed by Togo (X tons), Burkina Faso (X tons), Mauritania (X tons) and Nigeria (X tons). All these countries together held near 57% share of total imports. Ghana (X tons) followed a long way behind the leaders.

Cote d'Ivoire was also the fastest-growing in terms of the liquefied petroleum gas (LPG) imports, with a CAGR of +43.8% from 2012 to 2022. At the same time, Togo (+30.7%), Nigeria (+27.4%), Mauritania (+17.1%), Burkina Faso (+11.1%) and Senegal (+5.9%) displayed positive paces of growth. By contrast, Ghana (-5.7%) illustrated a downward trend over the same period. While the share of Cote d'Ivoire (+33 p.p.), Togo (+9.8 p.p.) and Nigeria (+4.2 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Burkina Faso (-4.8 p.p.), Ghana (-14.6 p.p.) and Senegal (-21.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest liquefied petroleum gas (LPG) importing markets in Western Africa were Cote d'Ivoire ($X), Burkina Faso ($X) and Senegal ($X), together accounting for 69% of total imports.

In terms of the main importing countries, Cote d'Ivoire, with a CAGR of +37.6%, 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 import price in Western Africa stood at $X per ton in 2022, which is down by -2.5% against the previous year. In general, the import price recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 39%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per ton), while Togo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+7.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform