Price for Petroleum gases and other gaseous hydrocarbons; liquefied, n.e.s. in heading no. 2711 in Canada - 2024

Contents:

1. Price for Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Canada (FOB) - 2024
2. Price for Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Canada (CIF) - 2024
3. Exports of Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Canada
4. Imports of Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Canada

Price for Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Canada (FOB) - 2024

The average export price for liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes stood at $598 per ton in January 2024, dropping by -15.1% against the previous month. In general, the export price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 335% month-to-month. The export price peaked at $2,650 per ton in January 2023; however, from February 2023 to January 2024, 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 States.

From January 2023 to January 2024, the rate of growth in terms of prices for the United States amounted to -12.4% per month.

Price for Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Canada (CIF) - 2024

The average import price for liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes stood at $304 per ton in January 2024, increasing by 17% against the previous month. In general, the import price, however, continues to indicate a mild setback. The most prominent rate of growth was recorded in September 2023 when the average import price increased by 44% against the previous month. Over the period under review, average import prices attained the maximum at $469 per ton in October 2023; however, from November 2023 to January 2024, import prices remained at a lower figure.

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

From January 2023 to January 2024, the rate of growth in terms of prices for the United States amounted to -1.0% per month.

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

In 2022, exports of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes from Canada amounted to 224K tons, growing by 3.6% against the year before. In general, exports, however, saw a perceptible setback. The pace of growth appeared the most rapid in 2021 with an increase of 6.7%.

In value terms, exports of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes declined rapidly to $85M in 2022. Overall, exports, however, showed a deep reduction. The pace of growth appeared the most rapid in 2021 with an increase of 17% against the previous year. As a result, the exports reached the peak of $115M, and then declined dramatically in the following year.

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

1. United States (212.0K tons)
2. France (7.3K tons)

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

For the fourth year in a row, Canada recorded growth in supplies from abroad of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes, which increased by 20% to 69K tons in 2022. The total import volume increased at an average annual rate of +12.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes soared to $26M in 2022. Overall, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. United States (68.8K tons)
2. South Korea (0.9K tons)

Source: IndexBox Market Intelligence Platform