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

Contents:

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

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

The average import price for petroleum gases and other gaseous hydrocarbonses stood at $749 per ton in 2022, picking up by 7.7% against the previous year. Overall, the import price, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2018 when the average import price increased by 65%. The import price peaked at $1,877 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Qatar ($844 per ton) and China ($824 per ton), while the price for the United Arab Emirates ($655 per ton) and the United States ($667 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brunei Darussalam (+14.6%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for petroleum gases and other gaseous hydrocarbonses amounted to $770 per ton, surging by 20% against the previous year. Overall, the export price, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2021 when the average export price increased by 52%. Over the period under review, the average export prices attained the peak figure at $1,835 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($1,041 per ton), while the average price for exports to Cambodia ($768 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 Philippines (-0.7%), while the prices for the other major destinations experienced a decline.

Imports of Petroleum Gases and Other Gaseous Hydrocarbons in Vietnam

For the fourth year in a row, Vietnam recorded growth in purchases abroad of petroleum gases and other gaseous hydrocarbonses, which increased by 4.2% to 2.1M tons in 2022. The total import volume increased at an average annual rate of +4.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 8.9% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of petroleum gases and other gaseous hydrocarbonses expanded sharply to $1.5B in 2022. Overall, imports continue to indicate a prominent expansion. The growth pace was the most rapid in 2021 when imports increased by 65% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

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

1. United States (408.7K tons)
2. China (329.8K tons)
3. Saudi Arabia (314.0K tons)
4. Kuwait (229.8K tons)
5. United Arab Emirates (188.0K tons)
6. Qatar (162.7K tons)
7. Brunei Darussalam (139.7K tons)
8. Malaysia (80.0K tons)
9. Nigeria (46.2K tons)
10. Thailand (43.1K tons)
11. Australia (0.3K tons)

Exports of Petroleum Gases and Other Gaseous Hydrocarbons in Vietnam

Exports of petroleum gases and other gaseous hydrocarbonses from Vietnam fell dramatically to 243K tons in 2022, reducing by -28.4% compared with the year before. Overall, exports continue to indicate a dramatic slump. The pace of growth appeared the most rapid in 2021 when exports increased by 24% against the previous year.

In value terms, exports of petroleum gases and other gaseous hydrocarbonses dropped to $187M in 2022. Over the period under review, exports saw a noticeable downturn. The most prominent rate of growth was recorded in 2021 with an increase of 88%. As a result, the exports attained the peak of $218M, and then shrank in the following year.

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

1. Cambodia (234.9K tons)
2. Philippines (7.3K tons)
3. Malaysia (0.7K tons)

Source: IndexBox Market Intelligence Platform