Price for Petroleum Gases and Other Gaseous Hydrocarbons in Finland - 2023

Contents:

1. Price for Petroleum Gases and Other Gaseous Hydrocarbons in Finland (CIF) - 2022
2. Price for Petroleum Gases and Other Gaseous Hydrocarbons in Finland (FOB) - 2022
3. Imports of Petroleum Gases and Other Gaseous Hydrocarbons in Finland
4. Exports of Petroleum Gases and Other Gaseous Hydrocarbons in Finland

Price for Petroleum Gases and Other Gaseous Hydrocarbons in Finland (CIF) - 2022

In 2022, the average import price for petroleum gases and other gaseous hydrocarbonses amounted to $922 per ton, picking up by 53% against the previous year. Over the period under review, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for petroleum gases and other gaseous hydrocarbonses increased by +177.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 81% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Estonia ($2,846 per ton), while the price for Russia ($465 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (-1.3%), while the prices for the other major suppliers experienced a decline.

Price for Petroleum Gases and Other Gaseous Hydrocarbons in Finland (FOB) - 2022

The average export price for petroleum gases and other gaseous hydrocarbonses stood at $810 per ton in 2022, with an increase of 52% against the previous year. In general, the export price, however, continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2017 when the average export price increased by 58% against the previous year. Over the period under review, the average export prices attained the maximum at $1,082 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($6,167 per ton), while the average price for exports to Estonia ($733 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 the UK (+27.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Petroleum Gases and Other Gaseous Hydrocarbons in Finland

In 2022, the amount of petroleum gases and other gaseous hydrocarbonses imported into Finland surged to 2.2M tons, rising by 444% compared with the year before. Over the period under review, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of petroleum gases and other gaseous hydrocarbonses soared to $2B in 2022. In general, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Petroleum Gases and Other Gaseous Hydrocarbons to Finland in 2022:

1. Russia (1629.8K tons)
2. Estonia (305.2K tons)
3. Norway (129.3K tons)
4. United States (56.0K tons)

Exports of Petroleum Gases and Other Gaseous Hydrocarbons in Finland

In 2022, after three years of growth, there was decline in overseas shipments of petroleum gases and other gaseous hydrocarbonses, when their volume decreased by -4.6% to 179K tons. Overall, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 117% against the previous year.

In value terms, exports of petroleum gases and other gaseous hydrocarbonses surged to $145M in 2022. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 89%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.

Top Export Markets for Petroleum Gases and Other Gaseous Hydrocarbons from Finland in 2022:

1. Estonia (137.7K tons)
2. Sweden (27.1K tons)
3. Norway (5.9K tons)
4. Belgium (4.4K tons)

Source: IndexBox Market Intelligence Platform