Price for Petroleum gases and other gaseous hydrocarbons; liquefied, n.e.s. in heading no. 2711 in Argentina - 2023

Contents:

1. Price for Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Argentina (FOB) - 2022
2. Price for Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Argentina (CIF) - 2022
3. Exports of Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Argentina
4. Imports of Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Argentina

Price for Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Argentina (FOB) - 2022

The average export price for liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes stood at $564 per ton in 2022, growing by 22% against the previous year. Overall, the export price, however, saw a perceptible decrease. The most prominent rate of growth was recorded in 2021 an increase of 67% against the previous year. Over the period under review, the average export prices hit record highs at $736 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($846 per ton), while the average price for exports to Paraguay ($735 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+2.7%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Argentina (CIF) - 2022

In 2022, the average import price for liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes amounted to $31,411 per ton, rising by 11% against the previous year. In general, the import price posted a significant expansion. The most prominent rate of growth was recorded in 2014 when the average import price increased by 101%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($11,813 per ton), while the price for China totaled $8,288 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bolivia (+35.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Argentina

In 2022, overseas shipments of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes increased by 29% to 247K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a mild curtailment.

In value terms, exports of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes soared to $139M in 2022. In general, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene from Argentina in 2022:

1. Chile (179.0K tons)
2. Brazil (29.5K tons)
3. Paraguay (4.0K tons)

Imports of Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Argentina

In 2022, approx. 3.2 tons of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes were imported into Argentina; reducing by -8.2% on 2021 figures. Overall, imports showed a abrupt descent. The smallest decline of -8.1% was in 2021.

In value terms, imports of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes expanded slightly to $102K in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +12.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 26%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

Top Suppliers of Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene to Argentina in 2022:

1. China (7.2 tons)
2. United States (0.1 tons)

Source: IndexBox Market Intelligence Platform