Price for Petroleum Gases and Other Gaseous Hydrocarbons in Egypt - 2023

Contents:

1. Price for Petroleum Gases and Other Gaseous Hydrocarbons in Egypt (FOB) - 2022
2. Price for Petroleum Gases and Other Gaseous Hydrocarbons in Egypt (CIF) - 2022
3. Exports of Petroleum Gases and Other Gaseous Hydrocarbons in Egypt
4. Imports of Petroleum Gases and Other Gaseous Hydrocarbons in Egypt

Price for Petroleum Gases and Other Gaseous Hydrocarbons in Egypt (FOB) - 2022

The average export price for petroleum gases and other gaseous hydrocarbonses stood at $630 per ton in 2022, rising by 22% against the previous year. Over the period under review, the export price enjoyed noticeable growth. The growth pace was the most rapid in 2021 when the average export price increased by 84%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain 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 ($1,586 per ton), while the average price for exports to Thailand ($513 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 Jordan (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Petroleum Gases and Other Gaseous Hydrocarbons in Egypt (CIF) - 2022

In 2022, the average import price for petroleum gases and other gaseous hydrocarbonses amounted to $1,089 per ton, rising by 105% against the previous year. In general, the import price enjoyed a modest expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Israel ($1,241 per ton) and Norway ($923 per ton), while the price for the Netherlands ($923 per ton) and Algeria ($923 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Petroleum Gases and Other Gaseous Hydrocarbons in Egypt

In 2022, exports of petroleum gases and other gaseous hydrocarbonses from Egypt skyrocketed to 16M tons, picking up by 110% against 2021 figures. In general, exports posted a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 341% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, exports of petroleum gases and other gaseous hydrocarbonses surged to $10.3B in 2022. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 711%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Petroleum Gases and Other Gaseous Hydrocarbons from Egypt in 2022:

1. Spain (3.7M tons)
2. Turkey (3.0M tons)
3. China (1.6M tons)
4. South Korea (1.6M tons)
5. Italy (1.2M tons)
6. France (1.1M tons)
7. Greece (0.8M tons)
8. Netherlands (0.6M tons)
9. India (0.5M tons)
10. Thailand (0.3M tons)
11. Singapore (0.2M tons)
12. Jordan (0.2M tons)

Imports of Petroleum Gases and Other Gaseous Hydrocarbons in Egypt

In 2022, after three years of growth, there was significant decline in overseas purchases of petroleum gases and other gaseous hydrocarbonses, when their volume decreased by -31.6% to 3M tons. In general, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +11.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 51%.

In value terms, imports of petroleum gases and other gaseous hydrocarbonses skyrocketed to $3.2B in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of 87%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.

Top Suppliers of Petroleum Gases and Other Gaseous Hydrocarbons to Egypt in 2022:

1. Israel (988.5K tons)
2. United States (763.4K tons)
3. Saudi Arabia (539.6K tons)
4. Norway (41.2K tons)
5. Algeria (7.5K tons)

Source: IndexBox Market Intelligence Platform