Liquefied Propane Price in Norway - 2023
Contents:
- Liquefied Propane Price in Norway (FOB) - 2023
- Liquefied Propane Price in Norway (CIF) - 2022
- Liquefied Propane Exports in Norway
- Liquefied Propane Imports in Norway
Liquefied Propane Price in Norway (FOB) - 2023
In September 2023, the average liquefied propane export price amounted to $488 per ton, growing by 13% against the previous month. Overall, the export price, however, saw a mild decline. The export price peaked at $617 per ton in March 2023; however, from April 2023 to September 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In September 2023, the highest price was recorded for prices to Belgium ($514 per ton) and Finland ($512 per ton), while the average price for exports to the Netherlands ($443 per ton) and Germany ($474 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (-0.8%), while the prices for the other major destinations experienced a decline.
Liquefied Propane Price in Norway (CIF) - 2022
In 2022, the average liquefied propane import price amounted to $384 per ton, waning by -2% against the previous year. In general, the import price showed a abrupt curtailment. The pace of growth appeared the most rapid in 2017 an increase of 62% against the previous year. Over the period under review, average import prices attained the peak figure at $975 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 Netherlands ($509 per ton), while the price for the United States ($248 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (-7.0%), while the prices for the other major suppliers experienced a decline.
Liquefied Propane Exports in Norway
In 2022, liquefied propane exports from Norway contracted sharply to 1.9M tons, which is down by -19.2% compared with the previous year's figure. In general, exports faced a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 3.4% against the previous year.
In value terms, liquefied propane exports reduced to $1.3B in 2022. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +6.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 60%. As a result, the exports attained the peak of $1.3B, and then reduced in the following year.
| Export of Liquefied Propane in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 234 | 219 | 425 | 332 | 12.4% |
| Sweden | 124 | 87.5 | 152 | 313 | 36.2% |
| Netherlands | 331 | 243 | 455 | 256 | -8.2% |
| United Kingdom | 48.2 | 59.1 | 55.6 | 81.1 | 18.9% |
| France | 42.9 | 38.1 | 39.4 | 59.8 | 11.7% |
| Finland | 5.3 | 13.1 | 35.6 | 51.4 | 113.3% |
| Germany | 24.0 | 9.5 | 29.6 | 50.5 | 28.1% |
| Morocco | 40.6 | 13.8 | 2.5 | 4.1 | -53.4% |
| China | 55.4 | N/A | N/A | N/A | 0% |
| Turkey | 49.8 | 36.7 | 40.0 | N/A | -10.4% |
| Others | 96.5 | 109 | 91.8 | 109 | 4.1% |
| Total | 1,052 | 829 | 1,327 | 1,257 | 6.1% |
Top Export Markets for Liquefied Propane from Norway in 2022:
- Belgium (494.3K tons)
- Sweden (473.9K tons)
- Netherlands (382.5K tons)
- United Kingdom (121.8K tons)
- France (97.7K tons)
- Germany (80.4K tons)
- Finland (76.3K tons)
- Morocco (6.0K tons)
Liquefied Propane Imports in Norway
Liquefied propane imports into Norway reduced to 168K tons in 2022, approximately equating 2021. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 1.6%.
In value terms, liquefied propane imports dropped slightly to $64M in 2022. In general, imports recorded a perceptible reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 5.9%.
| Import of Liquefied Propane in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 21.3 | 19.9 | 15.0 | 21.6 | 0.5% |
| United States | 3.5 | 1.7 | 30.5 | 16.0 | 66.0% |
| United Kingdom | 5.3 | 20.6 | 3.5 | 2.4 | -23.2% |
| Russia | 10.3 | N/A | 2.2 | N/A | -53.8% |
| Others | 29.5 | 20.4 | 15.1 | 24.4 | -6.1% |
| Total | 70.0 | 62.6 | 66.3 | 64.5 | -2.7% |
Top Suppliers of Liquefied Propane to Norway in 2022:
- United States (64.7K tons)
- Sweden (46.7K tons)
- United Kingdom (5.1K tons)
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