Price for Petroleum Gases and Other Gaseous Hydrocarbons in Mexico - 2022

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

The average import price for petroleum gases and other gaseous hydrocarbonses stood at $5,774 per ton in 2022, surging by 8.6% against the previous year. Overall, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +7.1% 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 +110.0% against 2013 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by 9% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +7.2% per year.

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

In 2022, the average export price for petroleum gases and other gaseous hydrocarbonses amounted to $5,194 per ton, jumping by 16% against the previous year. In general, the export price continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 16% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +7.9% per year.

Imports of Petroleum Gases and Other Gaseous Hydrocarbons in Mexico

In 2022, imports of petroleum gases and other gaseous hydrocarbonses into Mexico stood at 3M tons, remaining constant against the previous year's figure. Over the period under review, imports posted resilient growth. The pace of growth appeared the most rapid in 2021 when imports increased by 118%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of petroleum gases and other gaseous hydrocarbonses rose remarkably to $17.3B in 2022. Overall, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 136% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.

Import of Petroleum Gases and Other Gaseous Hydrocarbons in Mexico (Billion USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	7.8	6.5	15.4	17.3	30.4%
Canada	0.4	0.2	0.3	0.1	-37.0%
Others	N/A	N/A	N/A	N/A	0%
Total	8.1	6.7	15.8	17.3	28.8%

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

United States (3.0M tons)

Exports of Petroleum Gases and Other Gaseous Hydrocarbons in Mexico

In 2022, exports of petroleum gases and other gaseous hydrocarbonses from Mexico dropped dramatically to 108 tons, declining by -97.1% on the year before. Over the period under review, exports saw a dramatic decrease. The most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year.

In value terms, exports of petroleum gases and other gaseous hydrocarbonses declined sharply to $562K in 2022. In general, exports showed a precipitous decrease. The pace of growth was the most pronounced in 2021 when exports increased by 60%. As a result, the exports attained the peak of $17M, and then fell dramatically in the following year.