Liquefied Propane Price in France - 2023

Liquefied Propane Price in France (CIF) - 2023

In August 2023, the average liquefied propane import price amounted to $428 per ton, which is down by -2.8% against the previous month. In general, the import price recorded a slight curtailment. The most prominent rate of growth was recorded in September 2022 an increase of 15% month-to-month. The import price peaked at $620 per ton in February 2023; however, from March 2023 to August 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Belgium ($607 per ton), while the price for Algeria ($227 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Nigeria (0.0%), while the prices for the other major suppliers experienced a decline.

Liquefied Propane Price in France (FOB) - 2022

In 2022, the average liquefied propane export price amounted to $751 per ton, surging by 11% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced contraction. The pace of growth was the most pronounced in 2021 when the average export price increased by 20%. The export price peaked at $944 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Malta ($907 per ton) and Ireland ($784 per ton), while the average price for exports to Morocco ($643 per ton) and Switzerland ($677 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Morocco (-0.3%), while the prices for the other major destinations experienced a decline.

Liquefied Propane Imports in France

In 2022, after three years of growth, there was decline in supplies from abroad of liquefied propanes, when their volume decreased by -4.6% to 1.7M tons. The total import volume increased at an average annual rate of +2.8% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 6.9% against the previous year.

In value terms, liquefied propane imports rose to $1.1B in 2022. Overall, imports, however, posted a prominent increase. The growth pace was the most rapid in 2021 when imports increased by 82% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Import of Liquefied Propane in France (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	210	215	367	513	34.7%
Algeria	195	158	263	281	13.0%
United Kingdom	111	57.2	197	106	-1.5%
Belgium	26.4	14.2	26.6	52.7	25.9%
Norway	57.0	50.6	48.7	47.0	-6.2%
Angola	N/A	N/A	16.2	24.5	51.2%
Netherlands	37.9	26.7	32.1	22.0	-16.6%
Russia	40.6	4.2	5.7	N/A	-62.5%
Others	13.5	40.6	74.9	17.6	9.2%
Total	691	566	1,031	1,064	15.5%

Top Suppliers of Liquefied Propane to France in 2022:

United States (772.2K tons)
Algeria (547.8K tons)
United Kingdom (140.4K tons)
Norway (71.9K tons)
Belgium (69.0K tons)
Angola (32.2K tons)
Netherlands (27.7K tons)

Liquefied Propane Exports in France

In 2022, liquefied propane exports from France soared to 482K tons, jumping by 35% on the previous year's figure. Over the period under review, exports posted a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of 59% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, liquefied propane exports soared to $362M in 2022. Overall, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 90% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the near future.

Export of Liquefied Propane in France (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	129	100	185	226	20.6%
Spain	16.3	9.0	27.0	56.5	51.3%
Malta	4.6	2.3	9.0	21.4	66.9%
Tunisia	0.3	1.6	0.9	10.5	227.1%
Morocco	1.4	1.2	3.0	9.1	86.6%
Ireland	0.9	N/A	N/A	8.4	110.5%
Switzerland	1.9	1.0	2.0	7.6	58.7%
Others	18.3	12.2	15.0	22.8	7.6%
Total	173	127	242	362	27.9%