Price for Petroleum gases and other gaseous hydrocarbons; liquefied, n.e.s. in heading no. 2711 in Austria - 2023

Contents:

1. Price for Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Austria (CIF) - 2023
2. Price for Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Austria (FOB) - 2023
3. Imports of Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Austria
4. Exports of Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Austria

Price for Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Austria (CIF) - 2023

The average import price for liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes stood at $21,086 per ton in November 2023, waning by -7.8% against the previous month. Overall, import price indicated perceptible growth from November 2022 to November 2023: its price increased at an average monthly rate of +2.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, import price for liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes decreased by -7.8% against October 2023 indices. The most prominent rate of growth was recorded in September 2023 an increase of 97% against the previous month. Over the period under review, average import prices hit record highs at $22,869 per ton in October 2023, and then declined in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was Liechtenstein ($23,823 per ton), while the price for Germany ($8,069 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Germany (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Austria (FOB) - 2023

The average export price for liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes stood at $19,219 per ton in November 2023, waning by -18.9% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 when the average export price increased by 5,681% against the previous month. Over the period under review, the average export prices attained the maximum at $25,410 per ton in May 2023; however, from June 2023 to November 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Italy ($24,712 per ton), while the average price for exports to Denmark ($9,563 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Austria

In 2022, after three years of growth, there was decline in overseas purchases of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes, when their volume decreased by -3.8% to 212 tons. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +16.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.8% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 28%. As a result, imports attained the peak of 221 tons, and then fell slightly in the following year.

In value terms, imports of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes shrank modestly to $3.5M in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +22.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +82.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 40% against the previous year. As a result, imports attained the peak of $3.7M, and then reduced modestly in the following year.

Top Suppliers of Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene to Austria in 2022:

1. Liechtenstein (138.9 tons)
2. Germany (53.4 tons)
3. Switzerland (13.2 tons)

Exports of Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Austria

In 2022, approx. 89 tons of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes were exported from Austria; remaining constant against 2021. The total export volume increased at an average annual rate of +12.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 31%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, exports of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes fell to $1.6M in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +10.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 38%.

Top Export Markets for Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene from Austria in 2022:

1. Turkey (44.2 tons)
2. Germany (10.5 tons)
3. Czech Republic (6.2 tons)
4. Bulgaria (3.8 tons)
5. Slovakia (3.6 tons)
6. Lithuania (2.9 tons)
7. Italy (2.8 tons)
8. Denmark (2.6 tons)
9. Ireland (2.0 tons)
10. Finland (1.7 tons)
11. Spain (1.7 tons)
12. France (1.6 tons)
13. Hungary (1.5 tons)

Source: IndexBox Market Intelligence Platform