The Latest Propane Industry Statistics Explained
Total 2020 U.S. propane retail sales were roughly 9.37 billion gallons.
The statistic “Total 2020 U.S. propane retail sales were roughly 9.37 billion gallons” indicates the total volume of propane sold to consumers in the United States during the year 2020. Propane is a widely used fuel source for heating, cooking, and industrial purposes. The figure of 9.37 billion gallons represents the amount of propane purchased by residential, commercial, and industrial customers through retail channels such as gas stations, hardware stores, and delivery services. This statistic provides insight into the scale of propane consumption in the U.S. and can be used to analyze trends in energy usage, economic activity, and environmental impact related to propane fuel consumption.
There are over 3,000 independent propane dealers in the United States.
This statistic indicates that the propane industry in the United States is comprised of a large number of independent dealers, totaling over 3,000. This suggests a decentralized market structure with numerous small businesses operating in the propane distribution sector. These independent dealers likely play a crucial role in providing propane-related services and products to consumers across the country, contributing to the overall competitiveness and diversity of the industry. The presence of over 3,000 independent propane dealers signifies a widespread market presence and highlights the significance of propane as a fuel source in various sectors such as residential, commercial, and industrial applications in the United States.
Propane is used by more than 14 million families in the U.S. to fuel their furnaces, water heaters, air conditioners, outdoor grills, fireplaces, dryers, and range tops.
The statistic that more than 14 million families in the U.S. use propane to fuel various household appliances highlights the significant role that propane plays in the residential energy sector. Propane is a versatile and efficient energy source that is commonly utilized for heating systems, water heaters, air conditioners, outdoor grills, fireplaces, dryers, and range tops. This broad usage demonstrates the widespread reliance on propane for powering essential appliances in American households, indicating its popularity and practicality as a fuel choice. The statistic underscores the importance of propane as a reliable and accessible energy source for a large number of families in the United States, contributing to its continued relevance in the residential energy market.
Around 4% of worldwide propane supply is produced in Europe.
The statistic that around 4% of worldwide propane supply is produced in Europe indicates that Europe plays a relatively minor role in the global production of propane. With the vast majority of propane production occurring outside of Europe, particularly in regions like North America and the Middle East, European countries contribute a small fraction to the overall supply of propane available worldwide. This statistic highlights the importance of international trade and cooperation in meeting the demand for propane across different regions, as Europe relies heavily on imports to fulfill its propane needs.
The U.S. has been a net exporter of propane since 2011.
The statistic that the U.S. has been a net exporter of propane since 2011 indicates that the country has consistently exported more propane than it imports, resulting in a surplus of propane in its trade balance. This trend suggests that the U.S. is producing and supplying more propane than its domestic consumption demands, leading to excess for export. The shift towards being a net exporter since 2011 could be attributed to various factors such as increased domestic production, changes in global demand dynamics, improvements in distribution infrastructure, or shifts in economic policies. Overall, this statistic signifies the U.S.’s role as a significant player in the global propane market and highlights its ability to leverage its resources for international trade opportunities.
In 2019, U.S. propane exports were valued at approximately 13.69 billion U.S. dollars.
The statistic regarding U.S. propane exports valued at approximately 13.69 billion U.S. dollars in 2019 indicates the significant economic impact of propane exports from the United States during that year. Propane is a versatile fuel commonly used for heating, cooking, and transportation, and the export value reflects both domestic production levels and international demand. The high value of propane exports suggests a thriving market for U.S. propane products globally, contributing to the country’s trade balance and supporting the growth of the propane industry. This statistic also underscores the importance of propane as a valuable commodity in the energy sector and highlights the role of the United States as a key player in the global propane market.
More than 90 percent of the U.S. propane supply is produced domestically.
The statistic stating that more than 90 percent of the U.S. propane supply is produced domestically highlights the high level of self-sufficiency in propane production within the country. This means that the United States relies heavily on its own resources and production capabilities to meet the demand for propane, minimizing the need for imports from other countries. This level of domestic production not only signifies a degree of independence and security in the energy sector but also potentially provides a more stable supply chain without being as vulnerable to international market fluctuations. Additionally, it may have implications for energy policies, trade agreements, and overall economic factors within the United States.
Propane is recognized as a ‘green’ energy source by the Clean Air Act of 1990 and Energy Policy Act of 1992.
The statistic that propane is recognized as a ‘green’ energy source by the Clean Air Act of 1990 and Energy Policy Act of 1992 highlights the fact that propane is considered an environmentally friendly alternative fuel. This recognition stems from the lower emissions produced when burning propane compared to traditional fossil fuels such as gasoline or diesel. The Clean Air Act and Energy Policy Act emphasize the importance of reducing air pollution and promoting cleaner energy sources, positioning propane as a viable option for meeting these goals. By designating propane as a ‘green’ energy source, these acts acknowledge its potential to contribute to a cleaner and more sustainable energy future.
The global market value of propane was around 101 billion dollars in 2018.
The statistic “The global market value of propane was around 101 billion dollars in 2018” indicates the total estimated worth of the propane market worldwide in the specific year of 2018. This value reflects the economic importance and scale of the propane industry, encompassing production, distribution, and consumption of propane across various sectors such as residential, commercial, industrial, and transportation. The sizeable market value suggests a significant demand for propane as an energy source and feedstock in various applications, highlighting its role in the global economy and energy landscape.
The global propane market is projected to reach around 107 billion dollars by 2026 with a CAGR of 1.1% from 2019 to 2026.
This statistic indicates that the global propane market is forecasted to grow to approximately 107 billion dollars by 2026, with a compound annual growth rate (CAGR) of 1.1% from 2019 to 2026. The CAGR provides insight into the average annual growth rate of the market over the given period. This projection suggests a steady but modest increase in the market size over the years, driven by factors such as increasing demand for propane in various applications, fluctuating energy prices, and evolving regulatory landscapes. Stakeholders in the propane industry can use this information to make informed decisions regarding investments, strategic planning, and market positioning to capitalize on the anticipated growth in the market.
Approximately 50% of the propane used in the US is extracted from natural gas.
The statistic stating that approximately 50% of the propane used in the US is extracted from natural gas means that half of the propane consumed in the country is derived as a byproduct of natural gas processing. Propane is a hydrocarbon that can be separated from both crude oil refining and natural gas processing, with natural gas being a significant source of this fuel. This statistic highlights the importance of natural gas as a feedstock for propane production and underscores the interconnectedness of different energy sources in the US energy supply chain. Additionally, it also indicates the versatility and multiple applications of natural gas beyond just being a direct source of energy.
Over 7.3 million households in the US use propane as their primary heating fuel.
The statistic stating that over 7.3 million households in the US use propane as their primary heating fuel highlights the significant prevalence of propane as a heating source among American households. Propane, a versatile and readily accessible fuel source, is commonly used for heating homes in areas where natural gas pipelines are not available. This statistic underscores the importance of propane in meeting the heating needs of a substantial number of households across the country, emphasizing its role as a viable and popular alternative energy source for residential heating.
The propane market in Asia and the Middle East experienced growth of 4.8% and 3.7% respectively between 2014 and 2019.
The statistics provided indicate the growth rates of the propane market in two different regions, Asia and the Middle East, between the years 2014 and 2019. The propane market in Asia saw a growth rate of 4.8% over this period, while the Middle East experienced a slightly lower growth rate of 3.7%. These growth rates suggest that both regions experienced an increase in the demand or production of propane during the specified time frame. The higher growth rate in Asia compared to the Middle East implies that the propane market in Asia expanded at a faster pace over the five-year period. These statistics can be useful for investors, policymakers, and industry stakeholders to understand the dynamics of the propane market in these regions and make informed decisions.
The residential sector accounted for approximately 37% of U.S. propane sales in 2019.
The statistic stating that the residential sector accounted for around 37% of U.S. propane sales in 2019 indicates that a significant portion of propane consumption in the United States during that year was for residential purposes. Propane is commonly used in households for heating, cooking, water heating, and other applications. The high percentage suggests that residential consumers were a key market segment for propane suppliers in 2019. Understanding these consumption patterns is important for stakeholders in the propane industry, including producers, distributors, and policymakers, as it can help inform decision-making related to production levels, pricing strategies, infrastructure development, and regulatory considerations.
Nearly 60 million American homes use energy produced by propane every year.
The statistic that nearly 60 million American homes use energy produced by propane every year indicates the widespread and significant role that propane plays in the energy consumption patterns of American households. Propane is a versatile and affordable fuel source that is commonly used for heating, cooking, and powering appliances in residential settings. The fact that such a large number of homes rely on propane highlights its importance as a dependable energy source in the United States. This statistic underscores the crucial role that propane plays in meeting the energy needs of a substantial portion of the American population, emphasizing its value as a fuel alternative in the residential sector.
There are approximately 21 million vehicles worldwide that run on propane.
The statistic that there are approximately 21 million vehicles worldwide that run on propane indicates the widespread use and adoption of propane as a fuel source for transportation. Propane, also known as liquefied petroleum gas, is a versatile and clean-burning alternative fuel that is increasingly being utilized to power vehicles due to its environmental benefits and cost-effectiveness. This statistic underscores the significant global impact of propane as a fuel choice in the transportation sector, highlighting its popularity and growing importance as a sustainable energy solution in reducing emissions and promoting energy efficiency in the automotive industry.
China is the largest importer of propane worldwide.
The statistic that China is the largest importer of propane worldwide indicates that China is the leading country in terms of importing propane gas from other countries. Propane is a byproduct of natural gas processing and petroleum refining, commonly used for heating, cooking, and as fuel for vehicles. The fact that China holds this position suggests a high demand for propane within the country, likely driven by residential, commercial, and industrial uses. It also implies that China relies heavily on imported propane to meet its needs, potentially due to insufficient domestic production or logistical advantages of importing. This statistic sheds light on China’s energy consumption patterns and trade relationships in the global propane market.
References
0. – https://www.www.propanecouncil.org
1. – https://www.www.eia.gov
2. – https://www.www.afdc.energy.gov
3. – https://www.www.statista.com
4. – https://www.www.globenewswire.com
5. – https://www.www.modernpropane.com
6. – https://www.www.gasworld.com
7. – https://www.www.amerigas.com
8. – https://www.www.npga.org
