Liquefied Propane Price in Pakistan - 2023

Contents:

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

Liquefied Propane Price in Pakistan (CIF) - 2022

The average liquefied propane import price stood at $2,139 per ton in 2022, with an increase of 58% against the previous year. In general, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 an increase of 116%. The import price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($3,830 per ton), while the price for Iran ($1,882 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+58.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Liquefied Propane Price in Pakistan (FOB) - 2022

The average liquefied propane export price stood at $563 per ton in 2021, remaining stable against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price decreased by 99.9%. Over the period under review, the average export prices attained the peak figure at $565 per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

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

From 2019 to 2021, the rate of growth in terms of prices for the United Arab Emirates amounted to 0.0% per year.

Liquefied Propane Imports in Pakistan

In 2022, approx. 65 tons of liquefied propanes were imported into Pakistan; which is down by -74.4% against 2021. In general, imports saw a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 207% against the previous year. As a result, imports attained the peak of 254 tons, and then dropped sharply in the following year.

In value terms, liquefied propane imports shrank markedly to $139K in 2022. Overall, imports saw a abrupt curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 173%. As a result, imports attained the peak of $343K, and then fell significantly in the following year.

Top Suppliers of Liquefied Propane to Pakistan in 2022:

1. United Arab Emirates (undefined tons)
2. China (undefined tons)
3. Iran (undefined tons)
4. Qatar (65.0 tons)

Liquefied Propane Exports in Pakistan

After two years of decline, shipments abroad of liquefied propanes decreased by -50% to 1.1K tons in 2022. Over the period under review, exports showed a drastic downturn.

In value terms, liquefied propane exports declined sharply to $646K in 2022. Overall, exports saw a deep downturn.

Top Export Markets for Liquefied Propane from Pakistan in 2022:

1. United Arab Emirates (2.3K tons)

Source: IndexBox Market Intelligence Platform