Price for Petroleum Gases and Other Gaseous Hydrocarbons in Cameroon - 2022
Contents:
- Price for Petroleum Gases and Other Gaseous Hydrocarbons in Cameroon (FOB) - 2022
- Price for Petroleum Gases and Other Gaseous Hydrocarbons in Cameroon (CIF) - 2022
- Exports of Petroleum Gases and Other Gaseous Hydrocarbons in Cameroon
- Imports of Petroleum Gases and Other Gaseous Hydrocarbons in Cameroon
Price for Petroleum Gases and Other Gaseous Hydrocarbons in Cameroon (FOB) - 2022
The average export price for petroleum gases and other gaseous hydrocarbonses stood at $505 per ton in 2022, rising by 35% against the previous year. Over the period under review, the export price recorded a resilient increase. The pace of growth appeared the most rapid in 2021 when the average export price increased by 44% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in the near future.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($1,086 per ton), while the average price for exports to Taiwan (Chinese) ($185 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 the Netherlands (+76.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Petroleum Gases and Other Gaseous Hydrocarbons in Cameroon (CIF) - 2022
In 2022, the average import price for petroleum gases and other gaseous hydrocarbonses amounted to $570 per ton, which is down by -5.7% against the previous year. Over the period under review, the import price recorded a mild shrinkage. The pace of growth was the most pronounced in 2014 an increase of 10% against the previous year. As a result, import price reached the peak level of $685 per ton. From 2015 to 2022, the average 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 Benin ($473 per ton), while the price for Angola ($268 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (-1.2%), while the prices for the other major suppliers experienced a decline.
Exports of Petroleum Gases and Other Gaseous Hydrocarbons in Cameroon
In 2022, exports of petroleum gases and other gaseous hydrocarbonses from Cameroon soared to 3.7M tons, increasing by 51% compared with the year before. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +14.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of petroleum gases and other gaseous hydrocarbonses skyrocketed to $1.9B in 2022. In general, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Petroleum Gases and Other Gaseous Hydrocarbons in Cameroon (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | N/A | 6.9 | 12.5 | 437 | 695.8% |
| Spain | 26.3 | 42.1 | 76.1 | 350 | 137.0% |
| France | 44.9 | 60.6 | 92.3 | 301 | 88.6% |
| South Korea | 23.8 | 53.6 | 74.2 | 156 | 87.1% |
| China | 205 | 79.6 | 176 | 93.4 | -23.1% |
| Belgium | 3.2 | 7.7 | 21.1 | 38.0 | 128.1% |
| Taiwan (Chinese) | 28.4 | 13.5 | 29.9 | 34.3 | 6.5% |
| Kuwait | N/A | 23.1 | 19.5 | N/A | -15.6% |
| Others | 562 | 353 | 411 | 452 | -7.0% |
| Total | 894 | 640 | 913 | 1,861 | 27.7% |
Top Export Markets for Petroleum Gases and Other Gaseous Hydrocarbons from Cameroon in 2022:
- Spain (674.1K tons)
- Netherlands (402.5K tons)
- France (309.8K tons)
- South Korea (291.5K tons)
- China (234.9K tons)
- Taiwan (Chinese) (185.4K tons)
- Belgium (56.2K tons)
Imports of Petroleum Gases and Other Gaseous Hydrocarbons in Cameroon
In 2022, after two years of decline, there was significant growth in overseas purchases of petroleum gases and other gaseous hydrocarbonses, when their volume increased by 13% to 146K tons. Over the period under review, imports, however, recorded a drastic downturn.
In value terms, imports of petroleum gases and other gaseous hydrocarbonses expanded rapidly to $83M in 2022. In general, imports, however, continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 7%.
| Import of Petroleum Gases and Other Gaseous Hydrocarbons in Cameroon (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Equatorial Guinea | 12.3 | 16.0 | 34.2 | 35.1 | 41.8% |
| Congo | 14.1 | 11.9 | 1.4 | 3.9 | -34.8% |
| United States | 3.0 | 3.0 | 1.5 | 1.8 | -15.7% |
| Angola | 4.9 | 3.6 | 1.6 | 1.7 | -29.7% |
| Portugal | N/A | N/A | N/A | 1.1 | 0% |
| Argentina | 2.9 | 2.2 | 1.0 | 1.1 | -27.6% |
| Benin | 2.8 | 2.0 | 0.9 | 0.9 | -31.5% |
| Nigeria | 3.0 | 1.7 | 0.6 | 0.3 | -53.6% |
| Others | 71.8 | 32.2 | 36.4 | 37.3 | -19.6% |
| Total | 115 | 72.6 | 77.6 | 83.1 | -10.3% |
Top Suppliers of Petroleum Gases and Other Gaseous Hydrocarbons to Cameroon in 2022:
- Equatorial Guinea (108.9K tons)
- Congo (14.0K tons)
- Angola (6.2K tons)
- United States (5.6K tons)
- Argentina (3.7K tons)
- Portugal (3.3K tons)
- Benin (1.8K tons)
- Nigeria (0.9K tons)
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