Liquefied Butanes Price in Ecuador - 2022

Liquefied Butanes Price in Ecuador (CIF) - 2022

The average liquefied butanes import price stood at $759 per ton in January 2022, reducing by -10% against the previous month. Over the period under review, import price indicated a measured increase from January 2021 to January 2022: its price increased at an average monthly rate of +3.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2022 figures, liquefied butanes import price decreased by -10.0% against December 2021 indices. The pace of growth appeared the most rapid in June 2021 an increase of 17% month-to-month. The import price peaked at $844 per ton in December 2021, and then dropped in the following month.

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

From January 2021 to January 2022, the rate of growth in terms of prices for the United States amounted to +3.2% per month.

Liquefied Butanes Price in Ecuador (FOB) - 2022

In 2022, the average liquefied butanes export price amounted to $331 per ton, falling by -1.6% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 7.8% against the previous year. As a result, the export price reached the peak level of $401 per ton. From 2015 to 2022, the average export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Peru amounted to -0.4% per year.

Liquefied Butanes Imports in Ecuador

In 2022, liquefied butanes imports into Ecuador shrank notably to 244K tons, which is down by -16.5% against 2021. Over the period under review, imports continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2021 with an increase of 49%. As a result, imports reached the peak of 292K tons, and then fell markedly in the following year.

In value terms, liquefied butanes imports declined markedly to $143M in 2022. Overall, imports, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of 99%. As a result, imports attained the peak of $191M, and then declined markedly in the following year.

Import of Liquefied Butanes in Ecuador (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	87.2	75.4	169	129	13.9%
Argentina	8.9	9.4	11.5	8.4	-1.9%
Panama	7.8	6.2	5.7	3.2	-25.7%
Chile	3.8	3.0	2.8	1.5	-26.6%
Peru	1.8	1.8	2.0	1.4	-8.0%
Others	1.5	N/A	0.1	0.1	-59.5%
Total	111	95.9	191	143	8.8%

Top Suppliers of Liquefied Butanes to Ecuador in 2022:

United States (204.4K tons)
Argentina (20.3K tons)
Panama (10.9K tons)
Peru (4.3K tons)
Chile (3.9K tons)

Liquefied Butanes Exports in Ecuador

In 2022, exports of liquefied butaneses from Ecuador rose markedly to 4.7K tons, with an increase of 5.9% compared with the previous year's figure. The total export volume increased at an average annual rate of +6.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 27% against the previous year. As a result, the exports reached the peak of 4.9K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, liquefied butanes exports expanded to $1.5M in 2022. The total export value increased at an average annual rate of +4.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 18%. As a result, the exports attained the peak of $1.6M. From 2021 to 2022, the growth of the exports failed to regain momentum.