Liquefied Propane Price in Bahrain - 2022

Contents:

1. Liquefied Propane Price in Bahrain (CIF) - 2022
2. Liquefied Propane Price in Bahrain (FOB) - 2022
3. Liquefied Propane Imports in Bahrain
4. Liquefied Propane Exports in Bahrain

Liquefied Propane Price in Bahrain (CIF) - 2022

The average liquefied propane import price stood at $409 per ton in 2022, shrinking by -3.1% against the previous year. Over the period under review, the import price continues to indicate a pronounced contraction. The growth pace was the most rapid in 2020 when the average import price increased by 20%. The import price peaked at $541 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($424 per ton), while the price for the United States totaled $405 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+41.4%), while the prices for the other major suppliers experienced a decline.

Liquefied Propane Price in Bahrain (FOB) - 2022

In 2022, the average liquefied propane export price amounted to $434 per ton, which is down by -3.6% against the previous year. In general, the export price continues to indicate a abrupt decrease. The growth pace was the most rapid in 2018 when the average export price increased by 26% against the previous year. Over the period under review, the average export prices hit record highs at $844 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($627 per ton), while the average price for exports to South Korea ($167 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 Indonesia (+2.6%), while the prices for the other major destinations experienced a decline.

Liquefied Propane Imports in Bahrain

In 2022, approx. 2.5 tons of liquefied propanes were imported into Bahrain; shrinking by -7.5% compared with the previous year's figure. In general, imports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 18%.

In value terms, liquefied propane imports dropped to $1K in 2022. Over the period under review, imports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 26%.

Top Suppliers of Liquefied Propane to Bahrain in 2022:

1. United States (2.0 tons)
2. China (0.5 tons)

Liquefied Propane Exports in Bahrain

Liquefied propane exports from Bahrain rose to 179K tons in 2022, growing by 2.2% against 2021 figures. The total export volume increased at an average annual rate of +1.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2020 with an increase of 8%. As a result, the exports attained the peak of 183K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, liquefied propane exports contracted to $78M in 2022. In general, exports, however, showed a slight reduction. The most prominent rate of growth was recorded in 2021 with an increase of 3%.

Top Export Markets for Liquefied Propane from Bahrain in 2022:

1. South Korea (36.9K tons)
2. Indonesia (33.7K tons)
3. India (32.2K tons)
4. China (29.2K tons)
5. Japan (15.0K tons)
6. Taiwan (Chinese) (2.3K tons)

Source: IndexBox Market Intelligence Platform