| Product Code: ETC8152464 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Maldives continued to heavily rely on imports of Liquified Petroleum Gas (LPG) in 2024, with significant shipments coming from top exporters including UAE, Oman, Sri Lanka, China, and Czechia. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, while the impressive compound annual growth rate (CAGR) of 19.16% from 2020 to 2024 highlights the increasing demand for LPG in the Maldives. The growth rate of 9.07% in 2024 suggests a sustained upward trajectory in LPG imports, reflecting the country`s ongoing dependence on these shipments for energy needs.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Maldives Liquified Petroleum Gas (LPG) Market Overview |
3.1 Maldives Country Macro Economic Indicators |
3.2 Maldives Liquified Petroleum Gas (LPG) Market Revenues & Volume, 2021 & 2031F |
3.3 Maldives Liquified Petroleum Gas (LPG) Market - Industry Life Cycle |
3.4 Maldives Liquified Petroleum Gas (LPG) Market - Porter's Five Forces |
3.5 Maldives Liquified Petroleum Gas (LPG) Market Revenues & Volume Share, By Source of Production, 2021 & 2031F |
3.6 Maldives Liquified Petroleum Gas (LPG) Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Maldives Liquified Petroleum Gas (LPG) Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing urbanization and population growth leading to higher demand for LPG for cooking and heating purposes in households. |
4.2.2 Government initiatives promoting the use of clean energy sources like LPG to reduce pollution and protect the environment. |
4.2.3 Growth in the tourism industry in the Maldives, resulting in higher demand for LPG in hotels, resorts, and restaurants. |
4.3 Market Restraints |
4.3.1 Dependency on imports for LPG supply, leading to vulnerability to price fluctuations and supply chain disruptions. |
4.3.2 Limited infrastructure for storage, distribution, and transportation of LPG in the Maldives, hindering market growth. |
4.3.3 Competition from alternative energy sources like solar power and electric cooking appliances affecting the adoption of LPG. |
5 Maldives Liquified Petroleum Gas (LPG) Market Trends |
6 Maldives Liquified Petroleum Gas (LPG) Market, By Types |
6.1 Maldives Liquified Petroleum Gas (LPG) Market, By Source of Production |
6.1.1 Overview and Analysis |
6.1.2 Maldives Liquified Petroleum Gas (LPG) Market Revenues & Volume, By Source of Production, 2021- 2031F |
6.1.3 Maldives Liquified Petroleum Gas (LPG) Market Revenues & Volume, By Crude Oil, 2021- 2031F |
6.1.4 Maldives Liquified Petroleum Gas (LPG) Market Revenues & Volume, By Natural Gas Liquids, 2021- 2031F |
6.2 Maldives Liquified Petroleum Gas (LPG) Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Maldives Liquified Petroleum Gas (LPG) Market Revenues & Volume, By Residential & Commercial, 2021- 2031F |
6.2.3 Maldives Liquified Petroleum Gas (LPG) Market Revenues & Volume, By Industrial, 2021- 2031F |
6.2.4 Maldives Liquified Petroleum Gas (LPG) Market Revenues & Volume, By Auto Fuels, 2021- 2031F |
6.2.5 Maldives Liquified Petroleum Gas (LPG) Market Revenues & Volume, By Other Applications, 2021- 2031F |
7 Maldives Liquified Petroleum Gas (LPG) Market Import-Export Trade Statistics |
7.1 Maldives Liquified Petroleum Gas (LPG) Market Export to Major Countries |
7.2 Maldives Liquified Petroleum Gas (LPG) Market Imports from Major Countries |
8 Maldives Liquified Petroleum Gas (LPG) Market Key Performance Indicators |
8.1 Average number of new LPG connections installed per month. |
8.2 Percentage increase in LPG consumption in the residential sector annually. |
8.3 Number of new hotels and resorts using LPG as their primary energy source. |
9 Maldives Liquified Petroleum Gas (LPG) Market - Opportunity Assessment |
9.1 Maldives Liquified Petroleum Gas (LPG) Market Opportunity Assessment, By Source of Production, 2021 & 2031F |
9.2 Maldives Liquified Petroleum Gas (LPG) Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Maldives Liquified Petroleum Gas (LPG) Market - Competitive Landscape |
10.1 Maldives Liquified Petroleum Gas (LPG) Market Revenue Share, By Companies, 2024 |
10.2 Maldives Liquified Petroleum Gas (LPG) Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |