Analysis on the development status of petroleum liquefied gas (LPG) industry in

Analysis on the development status of petroleum liquefied gas (LPG) industry in 2020 China's LPG supply accounts for nearly 50% of That in Asia

Liquefied petroleum gas (LPG) is a colorless volatile liquid obtained by pressurizing and cooling natural gas or oil in a refinery.The LPG obtained from the refinery is mainly composed of propane, propylene, butane and one or two of butenes, and it is doped with a small amount of pentane, pentene and trace sulfide impurities.The global SUPPLY of LPG has steadily increased in the past decade and will reach 318 million tons in 2019.In 2019, the supply of LPG in Asia accounted for nearly 25% of the global SUPPLY, and China's supply of LPG in Asia accounted for nearly 50%.The production of LPG in 2019 was 41.36 million tons, and the apparent consumption was nearly 60.63 million tons.In 2019, Shandong, Guangdong, Liaoning and Jiangsu all produced more than 2 million tons of LPG, and Shandong produced 14.072 million tons of LPG, far ahead.

The global SUPPLY of LPG has steadily increased in the past decade and will reach 318 million tons in 2019

According to statistics, the global SUPPLY of LPG was nearly 233 million tons in 2010 and 313 million tons in 2018, with an average annual growth rate of 3.8%.In 2019, the global SUPPLY of LPG maintained a relatively stable growth, with the global supply nearly 318 million tons, up 2% year-on-year.

In 2019, the supply of LPG in Asia accounted for nearly 25% of the global SUPPLY, and China's supply of LPG in Asia accounted for nearly 50%

Asia accounted for nearly 25 percent of global production in 2019, while China accounted for nearly half of Asia's output.

China's LPG production is on the rise as a whole, with the LPG output of 41.36 million tons in 2019

China's oil and gas field resources are scarce, the main production of LPG is gas refining plants.China is one of the countries with fast development of LPG industry in the world. From 2016 to 2019, the output of LPG in China showed an overall rising trend, with the output increasing from 35.4 million tons in 2016 to 41.36 million tons in 2019.China's LPG production in 2019 was 41.36 million tons, up 8.82 percent year on year.

The apparent consumption of LPG in China shows an increasing trend year by year, and the apparent consumption of LPG in 2019 is nearly 60.63 million tons

From 2016 to 2019, the apparent consumption of LPG in China has been increasing year by year.In 2018, China's apparent consumption of LPG was 55.86 million tons, up 3.64% year on year.In 2019, The apparent consumption of LPG in China was nearly 60.63 million tons, up 8.53% year-on-year.

In 2019, Shandong, Guangdong, Liaoning and Jiangsu all produced more than 2 million tons of LPG, and Shandong produced 14.072 million tons of LPG, far ahead

In 2019, The output of LPG in Shandong province reached 14.072 million tons, accounting for 34.02% of the national total output, ranking first among all provinces and cities in China.Guangdong was next with 4.615 million tons, accounting for 11.16 percent of the country's total output.

The above data are from "China LPG Industry Market Foresight and Investment Strategic Planning Analysis Report" by Foresight Industry Research Institute. Meanwhile, Foresight industry Research Institute provides industrial big data, industrial planning, industrial declaration, industrial park planning, industrial investment attraction and other solutions.