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

Contents:

1. Price for Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Portugal (CIF) - 2022
2. Price for Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Portugal (FOB) - 2022
3. Imports of Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Portugal
4. Exports of Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Portugal

Price for Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Portugal (CIF) - 2022

In 2022, the average import price for liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes amounted to $309 per ton, surging by 96% against the previous year. Over the period under review, the import price recorded a remarkable increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($377 per ton), while the price for France amounted to $208 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (-8.7%).

Price for Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Portugal (FOB) - 2022

In 2022, the average export price for liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes amounted to $14,636 per ton, rising by 101% against the previous year. In general, the export price continues to indicate a strong expansion. The growth pace was the most rapid in 2018 when the average export price increased by 203% against the previous year. The export price peaked at $32,714 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($78,773 per ton), while the average price for exports to Greece ($3,340 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+26.4%), 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 Portugal

In 2022, overseas purchases of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes decreased by -34.4% to 1.7K tons, falling for the second consecutive year after two years of growth. In general, imports recorded a abrupt contraction. The pace of growth was the most pronounced in 2020 with an increase of 21% against the previous year. As a result, imports reached the peak of 3.9K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes surged to $520K in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +18.2% 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 +65.3% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. France (2310.0 tons)
2. Spain (76.6 tons)
3. Netherlands (5.5 tons)

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

In 2022, exports of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes from Portugal skyrocketed to 3 tons, picking up by 46% against 2021. Over the period under review, exports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 85% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, exports of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes soared to $44K in 2022. In general, exports enjoyed a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Angola (2448.0 kg)
2. Sao Tome and Principe (301.0 kg)
3. Spain (232.0 kg)
4. Greece (146.0 kg)

Source: IndexBox Market Intelligence Platform