Price for Petroleum Gases and Other Gaseous Hydrocarbons in Ethiopia - 2022

Contents:

1. Price for Petroleum Gases and Other Gaseous Hydrocarbons in Ethiopia (CIF) - 2022
2. Imports of Petroleum Gases and Other Gaseous Hydrocarbons in Ethiopia

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

The average import price for petroleum gases and other gaseous hydrocarbonses stood at $1,053 per ton in 2022, shrinking by -4.3% against the previous year. Overall, the import price continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2021 an increase of 49%. The import price peaked at $1,860 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($1,203 per ton), while the price for Sudan ($782 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iraq (+8.4%), while the prices for the other major suppliers experienced a decline.

Imports of Petroleum Gases and Other Gaseous Hydrocarbons in Ethiopia

In 2022, the amount of petroleum gases and other gaseous hydrocarbonses imported into Ethiopia skyrocketed to 8.9K tons, growing by 141% compared with the previous year. Overall, imports, however, recorded a pronounced decline.

In value terms, imports of petroleum gases and other gaseous hydrocarbonses surged to $9.4M in 2022. In general, imports recorded a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Iraq (3.2K tons)
2. United States (2.3K tons)
3. Kenya (2.1K tons)
4. Sudan (1.3K tons)

Source: IndexBox Market Intelligence Platform