Liquefied Propane Price in Uruguay - 2021

Contents:

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

Liquefied Propane Price in Uruguay (CIF) - 2022

In 2022, the average liquefied propane import price amounted to $369 per ton, remaining stable against the previous year. Over the period under review, the import price recorded a deep downturn. The growth pace was the most rapid in 2018 when the average import price increased by 46%. The import price peaked at $930 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 Brazil ($3,312 per ton), while the price for the Dominican Republic ($288 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+12.8%), while the prices for the other major suppliers experienced a decline.

Liquefied Propane Price in Uruguay (FOB) - 2022

In 2022, the average liquefied propane export price amounted to $17,804 per ton, growing by 1,304% against the previous year. Overall, the export price continues to indicate a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovenia ($2,261,209 per ton), while the average price for exports to Argentina stood at $17,695 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+496.6%).

Liquefied Propane Imports in Uruguay

In 2022, the amount of liquefied propanes imported into Uruguay contracted significantly to 32K tons, reducing by -41.3% against the previous year. Over the period under review, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 477%. As a result, imports reached the peak of 55K tons, and then dropped markedly in the following year.

In value terms, liquefied propane imports contracted significantly to $12M in 2022. In general, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 487%. As a result, imports reached the peak of $20M, and then declined remarkably in the following year.

Top Suppliers of Liquefied Propane to Uruguay in 2022:

1. Trinidad and Tobago (15.9K tons)
2. Argentina (8.6K tons)
3. Chile (4.0K tons)
4. United States (2.4K tons)
5. Dominican Republic (1.2K tons)

Liquefied Propane Exports in Uruguay

In 2022, exports of liquefied propanes from Uruguay dropped sharply to 46 kg, with a decrease of 99.9% on 2021. In general, exports showed a precipitous contraction. The smallest decline of -4.8% was in 2021.

In value terms, liquefied propane exports shrank dramatically to $819 in 2022. Over the period under review, exports recorded a sharp slump. The pace of growth appeared the most rapid in 2021 with an increase of 0.1%.

Top Export Markets for Liquefied Propane from Uruguay in 2022:

1. Argentina (46.0 kg)
2. Slovenia (1.0 kg)

Source: IndexBox Market Intelligence Platform