Liquefied Propane Price in Belgium - 2023

Contents:

1. Liquefied Propane Price in Belgium (CIF) - 2022
2. Liquefied Propane Price in Belgium (FOB) - 2023
3. Liquefied Propane Imports in Belgium
4. Liquefied Propane Exports in Belgium

Liquefied Propane Price in Belgium (CIF) - 2022

In 2022, the average liquefied propane import price amounted to $682 per ton, increasing by 15% against the previous year. Over the period under review, the import price, however, saw a pronounced descent. The pace of growth was the most pronounced in 2021 an increase of 72%. Over the period under review, average import prices attained the maximum at $927 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Netherlands ($817 per ton) and Algeria ($788 per ton), while the price for the United States ($679 per ton) and Norway ($681 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (-1.0%), while the prices for the other major suppliers experienced a decline.

Liquefied Propane Price in Belgium (FOB) - 2023

In August 2023, the average liquefied propane export price amounted to $595 per ton, growing by 11% against the previous month. Overall, the export price, however, continues to indicate a slight contraction. The growth pace was the most rapid in February 2023 when the average export price increased by 15% month-to-month. As a result, the export price attained the peak level of $784 per ton. From March 2023 to August 2023, the the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In August 2023, the highest price was recorded for prices to Germany ($646 per ton) and the Netherlands ($624 per ton), while the average price for exports to Austria ($498 per ton) and France ($529 per ton) were amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-1.0%), while the prices for the other major destinations experienced a decline.

Liquefied Propane Imports in Belgium

In 2022, the amount of liquefied propanes imported into Belgium skyrocketed to 2.2M tons, with an increase of 31% against 2021. Over the period under review, imports showed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 80%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.

In value terms, liquefied propane imports skyrocketed to $1.5B in 2022. Overall, imports saw a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 73% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Top Suppliers of Liquefied Propane to Belgium in 2022:

1. United States (1728.6K tons)
2. Norway (283.5K tons)
3. United Kingdom (135.6K tons)

Liquefied Propane Exports in Belgium

In 2022, overseas shipments of liquefied propanes decreased by -1.9% to 768K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 175% against the previous year.

In value terms, liquefied propane exports soared to $657M in 2022. In general, exports, however, saw significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 133% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Top Export Markets for Liquefied Propane from Belgium in 2022:

1. Germany (498.4K tons)
2. Netherlands (149.6K tons)
3. Poland (46.8K tons)
4. United Kingdom (23.0K tons)
5. Luxembourg (15.4K tons)

Source: IndexBox Market Intelligence Platform