The volume of liquefied propane gas traded globally has expanded each year from 2015, with the exception of the pandemic year 2020. Exports from North America increased each year and have far exceeded exports from the Middle East.
The volume of liquefied propane gas traded globally rose from 57.8 million tons in 2015 to 85.6 million tons projected for 2022, a CAGR of 5.8%.
Exports from North America (US) grew from 16.2 million tons in 2015 to 43.4 million tons projected for 2022, a CAGR of 15.1%. Shipments from North America surpassed those from the Middle East starting from 2016.
Exports from the Middle East fluctuated between 18.4 to 22.1 million tons over the period 2015 to projected 2022.
From International Trade Publications’ Liquefied Propane Gas World Trade Analysis.