Liquefied Butanes Price in the United States - 2023

Contents:

1. Liquefied Butanes Price in the United States (FOB) - 2023
2. Liquefied Butanes Price in the United States (CIF) - 2023
3. Liquefied Butanes Exports in the United States
4. Liquefied Butanes Imports in the United States

Liquefied Butanes Price in the United States (FOB) - 2023

The average liquefied butanes export price stood at $1,920 per ton in September 2023, leveling off at the previous month. Over the period under review, the export price, however, recorded a slight curtailment. The growth pace was the most rapid in July 2023 when the average export price increased by 11% month-to-month. Over the period under review, the average export prices reached the peak figure at $2,363 per ton in September 2022; however, from October 2022 to September 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Indonesia ($2,616 per ton), while the average price for exports to Mexico ($1,531 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+0.4%), while the prices for the other major destinations experienced a decline.

Liquefied Butanes Price in the United States (CIF) - 2023

In September 2023, the average liquefied butanes import price amounted to $1,780 per ton, surging by 5.4% against the previous month. Over the period under review, the import price, however, showed a perceptible slump. The most prominent rate of growth was recorded in August 2023 an increase of 22% against the previous month. Over the period under review, average import prices attained the peak figure at $2,336 per ton in November 2022; however, from December 2022 to September 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was South Korea ($3,316 per ton), while the price for Canada amounted to $1,763 per ton.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by South Korea (+1.4%).

Liquefied Butanes Exports in the United States

For the fourth year in a row, the United States recorded growth in shipments abroad of liquefied butaneses, which increased by 7.7% to 17M tons in 2022. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 88%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, liquefied butanes exports surged to $7.7B in 2022. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 102% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Top Export Markets for Liquefied Butanes from the United States in 2022:

1. Morocco (2.1M tons)
2. Indonesia (1.6M tons)
3. South Korea (1.5M tons)
4. Egypt (1.2M tons)
5. Japan (1.2M tons)
6. Turkey (0.9M tons)
7. China (0.8M tons)
8. Mexico (0.6M tons)
9. Finland (0.6M tons)
10. Cote d'Ivoire (0.4M tons)
11. Belgium (0.4M tons)
12. Nigeria (0.4M tons)
13. Ecuador (0.4M tons)

Liquefied Butanes Imports in the United States

In 2022, liquefied butanes imports into the United States soared to 314K tons, rising by 17% on the previous year. Overall, imports, however, continue to indicate a sharp downturn. The growth pace was the most rapid in 2021 when imports increased by 60% against the previous year.

In value terms, liquefied butanes imports surged to $794M in 2022. Over the period under review, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 160%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Top Suppliers of Liquefied Butanes to the United States in 2022:

1. Canada (307.9K tons)
2. South Korea (5.1K tons)

Source: IndexBox Market Intelligence Platform