Philippines Propane Market (2025-2031) Outlook | Growth, Forecast, Industry, Trends, Size, Companies, Share, Value, Revenue & Analysis

Name: Philippines Propane Market (2021 - 2031) | Trends, Outlook & Forecast
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Propane Market, Philippines Propane Market, Philippines Propane Market Revenues, Philippines Propane Market Share, Philippines Propane Market Size, Philippines Propane Market Outlook, Philippines Propane Market Report, Philippines Propane Market Competition, Philippines Propane Market Overview, Philippines Propane Market Trends, Philippines Propane Market Forecast

Market Forecast By Applications (Industrial, Commercial, Residential, Transportation, Agriculture, Chemicals and Refineries) And Competitive Landscape

Product Code: ETC088488	Publication Date: Jun 2021	Updated Date: Nov 2025	Product Type: Report
Publisher: 6Wresearch	Author: Ravi Bhandari	No. of Pages: 70	No. of Figures: 35	No. of Tables: 5

Philippines Propane Market Top 5 Importing Countries and Market Competition (HHI) Analysis

In 2024, Philippines continued to rely on propane imports, with top suppliers being Saudi Arabia, Qatar, UAE, USA, and Australia. Despite a high concentration with a high Herfindahl-Hirschman Index (HHI), the compound annual growth rate (CAGR) from 2020 to 2024 was moderate at 3.84%. However, the negative growth rate of -31.69% from 2023 to 2024 indicates a recent decline in import shipments, which may warrant further analysis of market dynamics and factors influencing this trend.

Philippines Propane Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Propane Market: Philippines vs Top 5 Major Economies in 2027 (Asia)

By 2027, the Propane market in Philippines is anticipated to reach a growth rate of 0.15%, as part of an increasingly competitive Asia region, where China remains at the forefront, supported by India, Japan, Australia and South Korea, driving innovations and market adoption across sectors.

Propane Market: Philippines vs Top 5 Major Economies in 2027 (Asia)

Philippines Propane Market Synopsis

The Philippines propane market was valued at around USD 281 million and it is expected experience significant growth owing high usage rates as fuel for various applications such as cooking gas used mainly by households, vehicle fleets powered by propane autogas engines coupled with growing petrochemical industry requiring propane feedstock material for producing various chemicals like ethylene glycols etc., thus boosting overall industry outlook considerably.

Drivers of the market

The Philippines propane market is a crucial component of the nation`s energy landscape. The versatility of propane as a clean-burning fuel drives its adoption across residential, commercial, and industrial applications. The market`s growth is driven by the increasing demand for clean and efficient energy sources, particularly in cooking, heating, and various industrial processes.

Challenges of the market

The Philippines propane market plays a significant role in meeting energy needs, especially in residential and commercial sectors. One of the challenges faced by the market is ensuring consistent supply and distribution of propane to remote areas, which can be logistically complex. Additionally, transitioning towards cleaner energy sources while ensuring affordability for consumers presents a challenge in this evolving energy landscape.

Covid-19 Impact of the market

The Philippines propane market faced challenges during the COVID-19 pandemic due to disruptions in economic activities and movement restrictions. With a significant portion of propane consumption attributed to commercial and industrial sectors, the temporary closures of businesses and manufacturing plants led to decreased demand. However, as economic activities resumed, the market started recovering, driven by the need for energy in various sectors.

Key Players of the market

The Philippines Propane market features significant participation from companies in the energy and fuel sectors. Propane is a versatile fuel used for cooking, heating, and industrial processes. Prominent players like Propane Energy Corp., GasMaster Solutions, and EnergyPropane Industries are crucial in supplying propane gas to residential, commercial, and industrial consumers, contributing to the country`s energy infrastructure.

Key Highlights of the Report:

Philippines Propane Market Outlook
Market Size of Philippines Propane Market, 2024
Forecast of Philippines Propane Market, 2031
Historical Data and Forecast of Philippines Propane Revenues & Volume for the Period 2021-2031
Philippines Propane Market Trend Evolution
Philippines Propane Market Drivers and Challenges
Philippines Propane Price Trends
Philippines Propane Porter's Five Forces
Philippines Propane Industry Life Cycle
Historical Data and Forecast of Philippines Propane Market Revenues & Volume By Applications for the Period 2021-2031
Historical Data and Forecast of Philippines Propane Market Revenues & Volume By Industrial for the Period 2021-2031
Historical Data and Forecast of Philippines Propane Market Revenues & Volume By Commercial for the Period 2021-2031
Historical Data and Forecast of Philippines Propane Market Revenues & Volume By Residential for the Period 2021-2031
Historical Data and Forecast of Philippines Propane Market Revenues & Volume By Transportation for the Period 2021-2031
Historical Data and Forecast of Philippines Propane Market Revenues & Volume By Agriculture for the Period 2021-2031
Historical Data and Forecast of Philippines Propane Market Revenues & Volume By Chemicals and Refineries for the Period 2021-2031
Philippines Propane Import Export Trade Statistics
Market Opportunity Assessment By Applications
Philippines Propane Top Companies Market Share
Philippines Propane Competitive Benchmarking By Technical and Operational Parameters
Philippines Propane Company Profiles
Philippines Propane Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

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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 Philippines Propane Market Overview

3.1 Philippines Country Macro Economic Indicators

3.2 Philippines Propane Market Revenues & Volume, 2021 & 2031F

3.3 Philippines Propane Market - Industry Life Cycle

3.4 Philippines Propane Market - Porter's Five Forces

3.5 Philippines Propane Market Revenues & Volume Share, By Applications, 2021 & 2031F

4 Philippines Propane Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 Philippines Propane Market Trends

6 Philippines Propane Market, By Types

6.1 Philippines Propane Market, By Applications

6.1.1 Overview and Analysis

6.1.2 Philippines Propane Market Revenues & Volume, By Applications, 2021-2031F

6.1.3 Philippines Propane Market Revenues & Volume, By Industrial, 2021-2031F

6.1.4 Philippines Propane Market Revenues & Volume, By Commercial, 2021-2031F

6.1.5 Philippines Propane Market Revenues & Volume, By Residential, 2021-2031F

6.1.6 Philippines Propane Market Revenues & Volume, By Transportation, 2021-2031F

6.1.7 Philippines Propane Market Revenues & Volume, By Agriculture, 2021-2031F

6.1.8 Philippines Propane Market Revenues & Volume, By Chemicals and Refineries, 2021-2031F

7 Philippines Propane Market Import-Export Trade Statistics

7.1 Philippines Propane Market Export to Major Countries

7.2 Philippines Propane Market Imports from Major Countries

8 Philippines Propane Market Key Performance Indicators

9 Philippines Propane Market - Opportunity Assessment

9.1 Philippines Propane Market Opportunity Assessment, By Applications, 2021 & 2031F

10 Philippines Propane Market - Competitive Landscape

10.1 Philippines Propane Market Revenue Share, By Companies, 2024

10.2 Philippines Propane Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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Export potential assessment - trade Analytics for 2030

Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.

By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.

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