Liquefied Propane Price in the United Arab Emirates - 2021

Contents:

1. Liquefied Propane Price in the United Arab Emirates (FOB) - 2022
2. Liquefied Propane Price in the United Arab Emirates (CIF) - 2022
3. Liquefied Propane Exports in the United Arab Emirates
4. Liquefied Propane Imports in the United Arab Emirates

Liquefied Propane Price in the United Arab Emirates (FOB) - 2022

The average liquefied propane export price stood at $584 per ton in 2022, waning by -2.8% against the previous year. Over the period under review, the export price showed a noticeable decrease. The pace of growth was the most pronounced in 2021 an increase of 37% against the previous year. The export price peaked at $952 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to India ($593 per ton) and the Philippines ($589 per ton), while the average price for exports to China ($581 per ton) and Japan ($581 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 the Philippines (-3.7%), while the prices for the other major destinations experienced a decline.

Liquefied Propane Price in the United Arab Emirates (CIF) - 2022

The average liquefied propane import price stood at $742 per ton in 2022, with an increase of 35% against the previous year. In general, the import price continues to indicate a temperate increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 200% against the previous year. As a result, import price attained the peak level of $2,396 per ton. From 2021 to 2022, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Qatar.

From 2012 to 2022, the rate of growth in terms of prices for Qatar amounted to +35.2% per year.

Liquefied Propane Exports in the United Arab Emirates

In 2022, liquefied propane exports from the United Arab Emirates contracted dramatically to 27M tons, with a decrease of -44.1% against the previous year. Overall, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 747% against the previous year. As a result, the exports attained the peak of 48M tons, and then contracted dramatically in the following year.

In value terms, liquefied propane exports shrank sharply to $15.8B in 2022. In general, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 1,056% against the previous year. As a result, the exports attained the peak of $29.1B, and then dropped rapidly in the following year.

Top Export Markets for Liquefied Propane from the United Arab Emirates in 2022:

1. China (13.2M tons)
2. India (7.6M tons)
3. Japan (0.4M tons)
4. Philippines (0.4M tons)

Liquefied Propane Imports in the United Arab Emirates

In 2022, after two years of decline, there was significant growth in overseas purchases of liquefied propanes, when their volume increased by 189% to 26K tons. Over the period under review, imports, however, continue to indicate a deep contraction.

In value terms, liquefied propane imports soared to $19M in 2022. In general, imports, however, saw a deep reduction.

Top Suppliers of Liquefied Propane to the United Arab Emirates in 2022:

1. China (undefinedK tons)
2. Qatar (25.5K tons)

Source: IndexBox Market Intelligence Platform