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

Contents:

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

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

The average import price for liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes stood at $4,167 per ton in 2022, surging by 19% against the previous year. In general, the import price saw a strong increase. The pace of growth appeared the most rapid in 2019 an increase of 25% against the previous year. As a result, import price attained the peak level of $4,251 per ton. From 2020 to 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($4,372 per ton) and Italy ($4,246 per ton), while the price for China ($2,928 per ton) and Ukraine ($3,986 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+6.2%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, approx. 23 tons of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes were imported into Panama; dropping by -22.1% on 2021. Overall, imports, however, recorded perceptible growth. The pace of growth was the most pronounced in 2021 with an increase of 112% against the previous year. As a result, imports attained the peak of 29 tons, and then shrank dramatically in the following year.

In value terms, imports of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes fell to $95K in 2022. Over the period under review, total imports indicated a perceptible expansion from 2019 to 2022: its value increased at an average annual rate of +3.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 87% against the previous year. As a result, imports attained the peak of $103K, and then dropped in the following year.

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

1. China (13.2 tons)
2. United States (6.7 tons)
3. Italy (2.0 tons)
4. Namibia (0.3 tons)

Source: IndexBox Market Intelligence Platform