Liquefied Butanes Price in Indonesia - 2022

Liquefied Butanes Price in Indonesia (CIF) - 2022

In March 2022, the average liquefied butanes import price amounted to $869 per ton, surging by 14% against the previous month. Over the period under review, import price indicated a perceptible increase from March 2021 to March 2022: its price increased at an average monthly rate of +3.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2022 figures, liquefied butanes import price increased by +21.0% against January 2022 indices. The pace of growth was the most pronounced in October 2021 an increase of 19% against the previous month. Over the period under review, average import prices hit record highs in March 2022.

Average prices varied somewhat amongst the major supplying countries. In March 2022, the highest price was recorded for prices from Bahrain ($920 per ton) and the United States ($920 per ton), while the price for Kuwait ($701 per ton) and Algeria ($750 per ton) were amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Liquefied Butanes Price in Indonesia (FOB) - 2022

The average liquefied butanes export price stood at $414 per ton in 2022, dropping by -7% against the previous year. In general, the export price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 an increase of 31%. The export price peaked at $986 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Macao SAR ($1,273 per ton), while the average price for exports to South Korea ($126 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 Macao SAR (-0.1%), while the prices for the other major destinations experienced a decline.

Liquefied Butanes Imports in Indonesia

In 2022, the amount of liquefied butaneses imported into Indonesia expanded notably to 3.6M tons, surging by 13% against 2021 figures. The total import volume increased at an average annual rate of +8.4% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, liquefied butanes imports surged to $3.2B in 2022. Over the period under review, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Liquefied Butanes in Indonesia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	427	380	737	1,260	43.4%
United Arab Emirates	184	300	460	618	49.8%
Iran	169	182	285	425	36.0%
Qatar	177	174	124	271	15.3%
Saudi Arabia	94.7	77.9	169	227	33.8%
Australia	54.6	54.6	82.5	111	26.7%
Kuwait	44.9	45.0	45.0	75.2	18.8%
Others	107	79.1	109	179	18.7%
Total	1,258	1,293	2,012	3,166	36.0%

Top Suppliers of Liquefied Butanes to Indonesia in 2022:

United States (1019.9K tons)
United Arab Emirates (765.7K tons)
Iran (608.1K tons)
Qatar (436.6K tons)
Saudi Arabia (269.1K tons)
Australia (139.7K tons)
Kuwait (120.8K tons)

Liquefied Butanes Exports in Indonesia

In 2022, the amount of liquefied butaneses exported from Indonesia contracted rapidly to 69K tons, falling by -29.4% on the year before. In general, exports continue to indicate a significant curtailment. The growth pace was the most rapid in 2021 with an increase of 142%.

In value terms, liquefied butanes exports contracted significantly to $29M in 2022. Overall, exports recorded a significant curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 218% against the previous year.

Export of Liquefied Butanes in Indonesia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	31.3	6.7	32.2	21.9	-11.2%
Bangladesh	9.3	1.9	3.4	2.2	-38.2%
Philippines	12.1	2.2	3.3	1.6	-49.1%
Macao SAR	4.9	1.1	2.0	1.4	-34.1%
South Korea	5.9	1.0	1.5	0.8	-48.6%
Singapore	2.5	0.5	0.8	0.5	-41.5%
Others	7.5	0.2	0.3	0.2	-70.1%
Total	73.4	13.7	43.6	28.6	-27.0%