Price for Petroleum Gases and Other Gaseous Hydrocarbons in Bangladesh - 2022
Contents:
- Price for Petroleum Gases and Other Gaseous Hydrocarbons in Bangladesh (CIF) - 2022
- Price for Petroleum Gases and Other Gaseous Hydrocarbons in Bangladesh (FOB) - 2022
- Imports of Petroleum Gases and Other Gaseous Hydrocarbons in Bangladesh
- Exports of Petroleum Gases and Other Gaseous Hydrocarbons in Bangladesh
Price for Petroleum Gases and Other Gaseous Hydrocarbons in Bangladesh (CIF) - 2022
In 2022, the average import price for petroleum gases and other gaseous hydrocarbonses amounted to $541 per ton, with an increase of 10% against the previous year. Overall, the import price, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2017 when the average import price increased by 24%. Over the period under review, average import prices hit record highs at $1,370 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($753 per ton), while the price for Indonesia ($190 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.1%), while the prices for the other major suppliers experienced a decline.
Price for Petroleum Gases and Other Gaseous Hydrocarbons in Bangladesh (FOB) - 2022
The average export price for petroleum gases and other gaseous hydrocarbonses stood at $1,094 per ton in 2022, picking up by 4.5% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average export price increased by 35% against the previous year. The export price peaked at $1,396 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to +7.9% per year.
Imports of Petroleum Gases and Other Gaseous Hydrocarbons in Bangladesh
In 2022, the amount of petroleum gases and other gaseous hydrocarbonses imported into Bangladesh shrank notably to 2.1M tons, which is down by -37.4% against the year before. Overall, imports recorded a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by 35% against the previous year. As a result, imports attained the peak of 3.4M tons, and then fell significantly in the following year.
In value terms, imports of petroleum gases and other gaseous hydrocarbonses shrank rapidly to $1.2B in 2022. Over the period under review, imports recorded a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 54%. As a result, imports attained the peak of $1.7B, and then dropped remarkably in the following year.
| Import of Petroleum Gases and Other Gaseous Hydrocarbons in Bangladesh (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | 1,234 | 785 | 1,171 | 1,004 | -6.6% |
| Egypt | 15.9 | 71.4 | 137 | 39.7 | 35.7% |
| United States | 17.8 | 51.0 | 101 | 26.5 | 14.2% |
| Indonesia | 22.0 | 18.9 | 19.2 | 9.0 | -25.8% |
| Sri Lanka | 4.9 | 16.1 | 45.4 | 8.6 | 20.6% |
| Malaysia | 42.3 | 32.0 | 8.9 | 4.2 | -53.7% |
| Others | 84.1 | 112 | 189 | 60.8 | -10.2% |
| Total | 1,421 | 1,087 | 1,672 | 1,153 | -6.7% |
Top Suppliers of Petroleum Gases and Other Gaseous Hydrocarbons to Bangladesh in 2022:
- Qatar (1833.2K tons)
- Egypt (126.4K tons)
- Indonesia (47.4K tons)
- United States (35.2K tons)
- Sri Lanka (25.7K tons)
- Malaysia (12.9K tons)
Exports of Petroleum Gases and Other Gaseous Hydrocarbons in Bangladesh
In 2022, approx. 80 tons of petroleum gases and other gaseous hydrocarbonses were exported from Bangladesh; with an increase of 11% compared with 2021. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 135% against the previous year. As a result, the exports reached the peak of 82 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of petroleum gases and other gaseous hydrocarbonses surged to $87K in 2022. In general, exports saw a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 216% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Petroleum Gases and Other Gaseous Hydrocarbons in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 21.6 | 68.5 | 75.4 | 87.3 | 59.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 21.7 | 68.5 | 75.4 | 87.3 | 59.0% |
Top Export Markets for Petroleum Gases and Other Gaseous Hydrocarbons from Bangladesh in 2022:
- India (79.8 tons)
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