Liquefied Butanes Price in Libya - 2022

Liquefied Butanes Price in Libya (FOB) - 2022

The average liquefied butanes export price stood at $960 per ton in 2022, growing by 94% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 189% against the previous year. Over the period under review, the average export prices attained the peak figure at $1,999 per ton in 2019; however, from 2020 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 Spain ($755 per ton), while the average price for exports to France ($241 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 Spain (-2.0%), while the prices for the other major destinations experienced a decline.

Liquefied Butanes Price in Libya (CIF) - 2022

The average liquefied butanes import price stood at $501 per ton in 2021, shrinking by -14.3% against the previous year. Over the period under review, the import price, however, posted buoyant growth. The most prominent rate of growth was recorded in 2017 an increase of 74%. Over the period under review, average import prices attained the peak figure at $584 per ton in 2020, and then fell in the following year.

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

From 2012 to 2021, the rate of growth in terms of prices for the United Arab Emirates amounted to 0.0% per year.

Liquefied Butanes Exports in Libya

In 2022, approx. 93K tons of liquefied butaneses were exported from Libya; falling by -56.5% compared with 2021 figures. In general, exports, however, showed a modest expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 161%. As a result, the exports attained the peak of 215K tons, and then shrank significantly in the following year.

In value terms, liquefied butanes exports shrank sharply to $90M in 2022. Over the period under review, exports saw a precipitous decrease.

Export of Liquefied Butanes in Libya (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Lebanon	89.4	14.0	59.8	43.8	-21.2%
Egypt	23.4	1.6	22.1	15.8	-12.3%
Tunisia	42.3	13.4	5.8	4.7	-51.9%
Morocco	2.1	1.0	2.4	1.7	-6.8%
Cyprus	3.3	1.8	3.0	1.2	-28.6%
Others	18.3	111	13.0	22.4	7.0%
Total	179	143	106	89.6	-20.6%

Top Export Markets for Liquefied Butanes from Libya in 2022:

Lebanon (82.3K tons)
Egypt (43.2K tons)
Tunisia (10.1K tons)
Morocco (5.4K tons)
Cyprus (2.0K tons)

Liquefied Butanes Imports in Libya

In 2022, the amount of liquefied butaneses imported into Libya contracted significantly to 83 tons, which is down by -16.8% compared with 2021 figures. Over the period under review, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 51% against the previous year.

In value terms, liquefied butanes imports declined to $44K in 2022. Overall, imports faced a abrupt setback. The pace of growth appeared the most rapid in 2021 when imports increased by 29%.