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

Contents:

1. Price for Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Latvia (CIF) - 2023
2. Price for Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Latvia (FOB) - 2023
3. Imports of Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Latvia
4. Exports of Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Latvia

Price for Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Latvia (CIF) - 2023

In November 2023, the average import price for liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes amounted to $482 per ton, increasing by 3.5% against the previous month. Over the period under review, the import price, however, continues to indicate a slight reduction. The most prominent rate of growth was recorded in October 2023 when the average import price increased by 19% month-to-month. The import price peaked at $577 per ton in November 2022; however, from December 2022 to November 2023, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In November 2023, the country with the highest price was Lithuania ($511 per ton), while the price for Russia stood at $481 per ton.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Russia (-1.5%).

Price for Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Latvia (FOB) - 2023

The average export price for liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes stood at $529 per ton in November 2023, almost unchanged from the previous month. Over the period under review, the export price continues to indicate a slight decline. The pace of growth was the most pronounced in September 2023 when the average export price increased by 17% month-to-month. The export price peaked at $638 per ton in November 2022; however, from December 2022 to November 2023, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In November 2023, the countries with the highest prices were Ukraine ($629 per ton) and Estonia ($551 per ton), while the average price for exports to Cyprus ($467 per ton) and the Czech Republic ($512 per ton) were amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+10.2%), while the prices for the other major destinations experienced mixed trend patterns.

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

For the fourth consecutive year, Latvia recorded growth in supplies from abroad of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes, which increased by 33% to 95K tons in 2022. Overall, imports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 33%. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, imports of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes soared to $68M in 2022. Over the period under review, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 30%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in years to come.

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

1. Russia (162.7K tons)

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

For the fourth year in a row, Latvia recorded growth in overseas shipments of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes, which increased by 83% to 56K tons in 2022. Over the period under review, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes surged to $32M in 2022. Overall, exports saw 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 Latvia in 2022:

1. Lithuania (51.1K tons)
2. Poland (26.5K tons)
3. Cyprus (14.3K tons)
4. Estonia (13.4K tons)
5. Ukraine (7.5K tons)

Source: IndexBox Market Intelligence Platform