Global seaborne LPG exports have fallen in 2026 with one notable exception: the United States, according to a weekly report by shipbroker Banchero Costa cited in reports on 6 November 2026.
Banchero Costa’s latest weekly analysis, as summarised by reports, records that the expansion in global LPG trade seen over the previous four years did not continue into 2026. The report highlights that the steady upward trajectory that characterised 2022 to 2025 was interrupted in the current year, while US exports continued to grow.
Broker assessment and recent trends
The shipbroker drew attention to a reversal of the recent expansionary pattern in seaborne LPG volumes, pointing out that total seaborne exports in 2025 nevertheless rose by 4.8% year‑on‑year. Banchero Costa’s commentary, presented in the weekly note, frames 2026 as a break in a multi‑year trend rather than an extension of the prior growth phase.
The reports item, dated 6 November 2026, emphasised the contrast between the United States and the rest of the world in 2026. While the broader market showed declining export volumes over the course of the year, the US remained the lone market segment where outward shipments were still increasing, according to the broker’s summary.
What the report sets out
In its weekly note, the broker underlined the standing of the US within the global LPG export picture for 2026, using the 4.8% rise in seaborne exports for 2025 as the most recent full‑year comparator. The material supplied for this article does not include further numerical breakout, detailed regional figures or an explanation of the underlying drivers behind the divergence between US export performance and that of other suppliers.
The reports piece carries the broker’s observation without additional tabulated data in the supplied summary, and it does not specify particular export terminals or shipping routes. The available information therefore limits reporting to the broad trend identified by Banchero Costa: consecutive growth for four years up to 2025, followed by an overall decline in 2026 save for continued US growth.
Market participants and observers relying on the broker’s weekly intelligence will likely await subsequent releases for more granular statistics, including monthly trade flows, regional splits and tonnage moved, which are not contained within the supplied notes. For now, the record as presented on 6 November 2026 stands: a four‑year expansion through 2025 and a break in that expansion in 2026, with the United States an outlier in sustaining export growth.