Price for Petroleum gases and other gaseous hydrocarbons; liquefied, n.e.s. in heading no. 2711 in Kuwait - 2022

Contents:

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

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

The average import price for liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes stood at $816 per ton in 2022, with an increase of 57% against the previous year. Over the period under review, the import price posted a prominent expansion. The pace of growth appeared the most rapid in 2015 an increase of 87% against the previous year. Over the period under review, average import prices hit record highs at $886 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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 Oman ($8,768 per ton), while the price for Italy ($1,334 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+6.5%), while the prices for the other major suppliers experienced a decline.

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

The average export price for liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes stood at $534 per ton in 2022, picking up by 1.8% against the previous year. Over the period under review, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes increased by +5.0% against 2019 indices. The pace of growth was the most pronounced in 2015 when the average export price increased by 38%. Over the period under review, the average export prices reached the maximum at $646 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Sri Lanka ($584 per ton), while the average price for exports to the Philippines ($416 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 Sri Lanka (+5.8%), while the prices for the other major destinations experienced a decline.

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

In 2022, the amount of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes imported into Kuwait declined rapidly to 62 tons, which is down by -23.7% against the previous year's figure. Over the period under review, imports faced a precipitous curtailment. The smallest decline of -22.8% was in 2020.

In value terms, imports of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes soared to $51K in 2022. In general, imports saw a mild slump. The most prominent rate of growth was recorded in 2021 with an increase of 24%.

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

1. Saudi Arabia (17.9 tons)
2. Oman (2.7 tons)
3. United States (2.4 tons)
4. United Kingdom (2.0 tons)
5. Italy (1.6 tons)
6. Netherlands (1.0 tons)

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

In 2022, the amount of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes exported from Kuwait shrank slightly to 29K tons, dropping by -4.7% on the previous year's figure. Over the period under review, exports saw a noticeable curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 10%.

In value terms, exports of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes declined modestly to $15M in 2022. Overall, exports saw a pronounced descent. The growth pace was the most rapid in 2021 with an increase of 6.4% against the previous year.

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

1. Sri Lanka (16.2K tons)
2. India (8.4K tons)
3. Philippines (4.3K tons)

Source: IndexBox Market Intelligence Platform