Liquefied Propane Price in Ethiopia - 2022

Contents:

1. Liquefied Propane Price in Ethiopia (CIF) - 2022
2. Liquefied Propane Imports in Ethiopia

Liquefied Propane Price in Ethiopia (CIF) - 2022

The average liquefied propane import price stood at $21 per ton in 2022, falling by -24.5% against the previous year. In general, the import price faced a precipitous shrinkage. The growth pace was the most rapid in 2016 an increase of 7.2% against the previous year. The import price peaked at $375 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($372 per ton), while the price for China totaled $109 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+0.7%).

Liquefied Propane Imports in Ethiopia

In 2022, liquefied propane imports into Ethiopia rose sharply to 3.5 tons, with an increase of 7.4% compared with the previous year's figure. The total import volume increased at an average annual rate of +7.4% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 7.4%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, liquefied propane imports dropped remarkably to $73 in 2022. Over the period under review, imports, however, faced a abrupt descent.

Top Suppliers of Liquefied Propane to Ethiopia in 2022:

1. China (70.2 tons)
2. United Kingdom (1.6 tons)

Source: IndexBox Market Intelligence Platform