Price for Petroleum Gases and Other Gaseous Hydrocarbons in Estonia - 2023
Contents:
- Price for Petroleum Gases and Other Gaseous Hydrocarbons in Estonia (CIF) - 2022
- Price for Petroleum Gases and Other Gaseous Hydrocarbons in Estonia (FOB) - 2022
- Imports of Petroleum Gases and Other Gaseous Hydrocarbons in Estonia
- Exports of Petroleum Gases and Other Gaseous Hydrocarbons in Estonia
Price for Petroleum Gases and Other Gaseous Hydrocarbons in Estonia (CIF) - 2022
The average import price for petroleum gases and other gaseous hydrocarbonses stood at $393 per ton in 2022, surging by 5.9% against the previous year. Over the period under review, the import price, however, showed a pronounced shrinkage. The growth pace was the most rapid in 2018 an increase of 23% against the previous year. Over the period under review, average import prices reached the peak figure at $583 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($1,235 per ton), while the price for Russia ($290 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (-0.2%), while the prices for the other major suppliers experienced a decline.
Price for Petroleum Gases and Other Gaseous Hydrocarbons in Estonia (FOB) - 2022
The average export price for petroleum gases and other gaseous hydrocarbonses stood at $985 per ton in 2022, almost unchanged from the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 64%. The export price peaked at $1,035 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
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 Finland ($1,936 per ton), while the average price for exports to Latvia ($705 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 Poland (+1.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Petroleum Gases and Other Gaseous Hydrocarbons in Estonia
In 2022, imports of petroleum gases and other gaseous hydrocarbonses into Estonia soared to 1.6M tons, picking up by 205% against the previous year's figure. Over the period under review, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of petroleum gases and other gaseous hydrocarbonses surged to $643M in 2022. Overall, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Petroleum Gases and Other Gaseous Hydrocarbons in Estonia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 9.1 | 44.6 | 101 | 496 | 279.2% |
| Russia | 106 | 37.6 | 80.3 | 106 | 0.0% |
| Finland | N/A | 2.4 | 12.3 | 33.9 | 275.8% |
| Others | 16.4 | 4.6 | 5.1 | 6.7 | -25.8% |
| Total | 131 | 89.3 | 199 | 643 | 69.9% |
Top Suppliers of Petroleum Gases and Other Gaseous Hydrocarbons to Estonia in 2022:
- Latvia (1235.5K tons)
- Russia (365.8K tons)
- Finland (27.4K tons)
Exports of Petroleum Gases and Other Gaseous Hydrocarbons in Estonia
For the fourth year in a row, Estonia recorded growth in overseas shipments of petroleum gases and other gaseous hydrocarbonses, which increased by 120% to 394K tons in 2022. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 276% 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 soared to $388M in 2022. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 515% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in the immediate term.
| Export of Petroleum Gases and Other Gaseous Hydrocarbons in Estonia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 2.0 | 3.8 | 27.8 | 205 | 368.0% |
| Finland | 0.4 | 17.2 | 139 | 166 | 645.9% |
| Poland | 0.6 | 0.2 | 4.2 | 7.1 | 127.9% |
| Lithuania | 0.1 | 1.0 | 0.9 | 6.3 | 297.9% |
| United States | 7.3 | 2.8 | 1.5 | 0.7 | -54.2% |
| Canada | 6.1 | 3.1 | 0.6 | N/A | -68.6% |
| Others | 1.9 | 1.0 | 5.2 | 2.7 | 12.4% |
| Total | 18.5 | 29.0 | 179 | 388 | 175.8% |
Top Export Markets for Petroleum Gases and Other Gaseous Hydrocarbons from Estonia in 2022:
- Latvia (291.3K tons)
- Finland (85.6K tons)
- Lithuania (7.4K tons)
- Poland (6.2K tons)
- United States (0.8K tons)
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