Liquefied Propane Price in Ireland - 2023

Liquefied Propane Price in Ireland (CIF) - 2023

The average liquefied propane import price stood at $741 per ton in August 2023, with an increase of 13% against the previous month. Over the period under review, the import price, however, continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in November 2022 an increase of 24% m-o-m. Over the period under review, average import prices attained the peak figure at $1,062 per ton in February 2023; however, from March 2023 to August 2023, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was the Netherlands ($730 per ton), while the price for China ($590 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 Belgium (+49.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Liquefied Propane Price in Ireland (FOB) - 2022

In 2022, the average liquefied propane export price amounted to $766 per ton, rising by 33% against the previous year. In general, the export price, however, saw a pronounced reduction. Over the period under review, the average export prices reached the maximum at $991 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to -0.0% per year.

Liquefied Propane Imports in Ireland

For the third year in a row, Ireland recorded decline in overseas purchases of liquefied propanes, which decreased by -38.7% to 50K tons in 2022. Overall, imports faced a significant contraction. The smallest decline of -13.8% was in 2020.

In value terms, liquefied propane imports fell rapidly to $44M in 2022. In general, imports recorded a abrupt setback. The smallest decline of -4.7% was in 2021.

Import of Liquefied Propane in Ireland (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	14.5	16.9	N/A	19.9	11.1%
Belgium	N/A	N/A	N/A	10.3	0%
Spain	0.9	N/A	N/A	5.1	78.3%
United Kingdom	43.8	37.8	N/A	3.4	-57.3%
France	N/A	N/A	N/A	2.1	0%
Sweden	N/A	N/A	N/A	1.9	0%
Portugal	N/A	N/A	N/A	1.3	0%
Norway	7.9	4.1	N/A	N/A	-48.1%
Others	0.1	N/A	56.0	0.1	0.0%
Total	67.3	58.8	56.0	44.1	-13.1%

Top Suppliers of Liquefied Propane to Ireland in 2022:

Netherlands (21.8K tons)
Belgium (12.9K tons)
Spain (6.1K tons)
United Kingdom (4.0K tons)
Sweden (1.9K tons)
France (1.8K tons)
Portugal (1.7K tons)

Liquefied Propane Exports in Ireland

In 2022, liquefied propane exports from Ireland contracted significantly to 560 tons, which is down by -51.6% compared with 2021. In general, exports continue to indicate a dramatic curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 2,528% against the previous year.

In value terms, liquefied propane exports declined remarkably to $429K in 2022. Overall, exports recorded a dramatic descent. The pace of growth was the most pronounced in 2021 when exports increased by 2,083%.