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2022 Annual
                                                 2022 Annual
                                R e  t ail Pr     op    ane Sales R             eport
                                Retail Propane Sales Report

                    nnually, the Propane Educational Research
                    Council asks for propane retailers participa-
                    tion in the Annual Retail Sales Report. This
           Ainformation is vital to helping PERC and the
            industry understand market trends across the propane
            industry and the evolving needs of individual retailers
            of odorized propane. The information obtained ensures
            that each state receives an accurate amount of state
            rebate funding from PERC to support vital local projects
            that impact safety, training, and growth.

                   In 2022, U.S. retail (odorized) propane sales
            totaled 9.84 billion gallons, a 3.1% year-over-year
            increase from the 9.54 billion gallons sold in 2021.
            Primary energy consumption in the United States was
            100.4 quadrillion British Thermal Units (BTUs) in 2022,       Annual retail propane sales report
            a 3% increase from 2021. Higher sales in the residential   U.S. odorized propane sales by state and end‐use sector
            segment and increased industrial activities post pan-              Reporting year: 2022
            demic have played a major role in the overall growth in
            propane sales in 2022. Total sales for 2022 were 9.8%
            above the ten-year average of 8.96 billion gallons of                Frost & Sullivan
                                                                                    Conducted by
            odorized propane volumes per year.
                                                                                   on behalf of the
                                                                                       1
                                                                        Propane Education & Research Council
                   While propane sales increased across the         Frost & Sullivan / Propane Education & Research Council – Annual retail propane sales report                                    Reporting year 2022
                                                                    © 2023 Propane Education and Research Council
            South, West, and Midwest regions, the Northeast
            region experienced a drop of 1.1% in propane sales in      In 2022, the top 10 states by total retail sales
            2022. Focus on electrification, adoption of new tech-  accounted for 46.5% of total U.S. propane sales, while
            nologies such as heat pumps, and decrease in average   the remaining 40 states and the District of Columbia to-
            propane sales in the New England region are some of   taled the remaining 53.5% of sales. The top 10 states by
            the key reasons for the decline in propane sales in the   total 2022 retail propane sales (millions of gallons) was
            region in 2022.                                     topped again by California with 539 million gallons in
            South Region                                        2022. They were followed by Michigan (531), Minnesota
                                                                (501), Texas (493), Wisconsin (452), Iowa (449), New
                   The South region accounted for 27.8% of total   York (428), Illinois (408), Ohio (390), and North Carolina
            U.S. propane sales in 2022. This total is up from 27.3%   (382).
            share in 2021. Total propane sales in the region in-
            creased modestly, from 2.61 billion gallons in 2021 to      In 2022, the survey indicated about 12.3 million
            2.73 billion gallons in 2022. Residential propane sales   total residential accounts and about 2.49 million pro-
            increased by 9.2 on a year-on-year basis to reach a   pane accounts in other sectors. The residential sector
            volume of 1,143 million gallons in 2022 compared to   accounted for 53% of all sales, with the commercial
            1,047 million gallons in 2021. Industrial sales increased   sector accounting for 22% of total sales. The industrial
            by more than two times  to 218 million gallons in 2022   (non-forklift) sector accounted for 6%, agriculture sector
            due to heightened industrial activities in the region.   accounted for 9%, cylinder markets accounted for 3%,
            Commercial and agriculture sectors experienced a    and the internal combustion sector accounted for 7% of
            decline of 101 millions gallons and 17 million gallons   total sales. To read the full Frost & Sullivan 2022 Annual
            respectively in 2022.                               Retail Propane Sales Report click here.■




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