The liquefied petroleum gas (LPG) exports in China showed a fluctuating trend from 2013 to 2023. Starting with 126.92 in ten thousand metric tons in 2013, the exports peaked and dipped in subsequent years, reaching a notable low of 95.0 in ten thousand metric tons in 2020. The following years witnessed a recovery, and as of 2023, the LPG exports stood at 160.73 in ten thousand metric tons, reflecting an 11.5% year-on-year increase from 2022. The compound annual growth rate (CAGR) over the last five years stood at 7.21%, indicating a moderate growth trajectory. Looking ahead, forecasted figures show a continuous rise with a predicted CAGR of 2.84% from 2024 to 2028, suggesting steady but slower growth in the near future.
Future trends to watch out for include:
- Potential impact of geopolitical tensions on trade routes and export volumes.
- Shift towards sustainable energy sources which may impact LPG demand.
- Technological advancements in LPG production and storage.
- Government policies and regulations on fossil fuel exports.
- Economic conditions influencing global demand for LPG.
