Mexico Lpg Tanker Market Size & Outlook, 2022-2030
Mexico lpg tanker market, 2017-2030 (US$M)
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Mexico lpg tanker market highlights
- The Mexico lpg tanker market generated a revenue of USD 3.7 million in 2022 and is expected to reach USD 4.9 million by 2030.
- The Mexico market is expected to grow at a CAGR of 3.3% from 2023 to 2030.
- In terms of segment, very large gas carriers was the largest revenue generating vessel size in 2022.
- Medium Gas Carriers is the most lucrative vessel size segment registering the fastest growth during the forecast period.
Lpg tanker market data book summary
| Market revenue in 2022 | USD 3.7 million |
| Market revenue in 2030 | USD 4.9 million |
| Growth rate | 3.3% (CAGR from 2022 to 2030) |
| Largest segment | Very large gas carriers |
| Fastest growing segment | Medium Gas Carriers |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Very Large Gas Carriers, Large Gas Carriers, Medium Gas Carriers, Small Gas Carriers |
| Key market players worldwide | BW LPG Ltd, Dorian LPG Ltd, Exmar NV, Kawasaki Heavy Industries Ltd, Mitsubishi Heavy Industries Ltd, Namura Shipbuilding Co Ltd, StealthGas Inc, Hyundai Heavy Industries, PT Pertamina, Great Eastern Shipping Co. |
Other key industry trends
- In terms of revenue, Mexico accounted for 2.0% of the global lpg tanker market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. lpg tanker market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 14.4 million by 2030.
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LPG Tanker Market Scope
LPG Tanker Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico lpg tanker market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to lpg tanker market will help companies and investors design strategic landscapes.
Very large gas carriers was the largest segment with a revenue share of 29.73% in 2022. Horizon Databook has segmented the Mexico lpg tanker market based on very large gas carriers, large gas carriers, medium gas carriers, small gas carriers covering the revenue growth of each sub-segment from 2017 to 2030.
Mexico is a primary importer of LPG from the U.S. as it is widely used as a fuel for residential and automotive applications in the country. The majority of LPG exports from the U.S. arrive in Mexico on waterborne vessels.
The refrigerated maritime terminal, namely, Pajaritos terminal is located beside petrochemical complexes operated by state-owned Pemex Petroquimica. Shipments using handy size vessels between the east coast of Mexico and Houston of the U.S. are popular owing to the short journey time and efficient loads.
Most of the population in Mexico uses wood and biomass for heating and cooking applications. However, LPG can be used as an alternative fuel for these applications in the country in the coming years. Moreover, the environmental impacts of burning wood and biomass lead to particulate pollution.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico lpg tanker market , including forecasts for subscribers. This country databook contains high-level insights into Mexico lpg tanker market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico lpg tanker market size, by vessel size, 2017-2030 (US$M)
Mexico LPG Tanker Market Outlook Share, 2022 & 2030 (US$M)
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