The global LNG import market in 2024 is led by Japan, China, and South Korea, contributing significantly to the market share. Japan, despite a slight decline, remains the largest importer. China and India demonstrate positive growth rates, with China notably increasing by 3.17%. Noteworthy growth is seen in countries like Egypt and Greece, indicating a dynamic shift in the global LNG landscape.
Countries like Spain, France, and Belgium have shown negative trends over the past two years. The United States experienced a notable downturn with a significant year-on-year decrease of 19.5%. Emerging markets such as Lithuania and Estonia are showing promise with positive growth rates.
Future trends to watch include:
- China and India's increasing share in global LNG imports.
- Potential market shifts due to significant growth in countries like Egypt and Greece.
- Continued decline or stabilization in traditional markets like Japan and South Korea.
- Emerging markets in Africa and smaller European nations expanding their LNG import capacities.
Top countries in Import of Liquefied Natural Gas Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 29.62 | 2023 | -0.32% | -1.57% | View data |
| 2 | 2 China | 23.44 | 2023 | +5.38% | +3.17% | View data |
| 3 | 3 South Korea | 17.01 | 2023 | +1.6% | -0.42% | View data |
| 4 | 4 India | 9.16 | 2023 | +3.99% | +2.38% | View data |
| 5 | 5 Pakistan | 3 | 2023 | +6.33% | +3.99% | View data |
| 6 | 6 Spain | 2.54 | 2023 | -3.01% | -4.15% | View data |
| 7 | 7 France | 2.21 | 2023 | +0.13% | -2.4% | View data |
| 8 | 8 Thailand | 2.06 | 2023 | +5.06% | +3.71% | View data |
| 9 | 9 Singapore | 1.61 | 2023 | +5.34% | +4.46% | View data |
| 10 | 10 Italy | 1.54 | 2023 | +0.75% | -1.65% | View data |
