Price for Petroleum gases and other gaseous hydrocarbons; liquefied, n.e.s. in heading no. 2711 in the United Arab Emirates - 2022

Contents:

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

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

The average import price for liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes stood at $433 per ton in 2022, falling by -6.5% against the previous year. Overall, the import price saw a drastic downturn. The growth pace was the most rapid in 2016 an increase of 70%. As a result, import price attained the peak level of $1,749 per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Tanzania ($72 per ton), while the price for the United States stood at $64 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (-12.1%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes amounted to $896 per ton, jumping by 21% against the previous year. Overall, the export price, however, showed a slight decline. The pace of growth was the most pronounced in 2016 when the average export price increased by 36%. The export price peaked at $1,012 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($3,572 per ton), while the average price for exports to India ($644 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 Indonesia (+10.8%), 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 the United Arab Emirates

For the fourth year in a row, the United Arab Emirates recorded growth in overseas purchases of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes, which increased by 9.9% to 1.4M tons in 2022. The total import volume increased at an average annual rate of +9.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 9.9%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes expanded slightly to $605M in 2022. The total import value increased at an average annual rate of +2.8% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 2.8% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

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

1. United States (135.2K tons)
2. Tanzania (61.7K tons)

Exports of Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in the United Arab Emirates

In 2022, the amount of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes exported from the United Arab Emirates declined significantly to 80K tons, dropping by -45.1% on the previous year. In general, exports faced a sharp shrinkage. The smallest decline of -26.9% was in 2020.

In value terms, exports of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes shrank markedly to $71M in 2022. Over the period under review, exports faced a precipitous contraction. The smallest decline of -18% was in 2020.

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

1. Philippines (0.4K tons)
2. Sri Lanka (0.2K tons)
3. Indonesia (0.1K tons)
4. India (0.1K tons)

Source: IndexBox Market Intelligence Platform