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

Contents:

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

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

The average import price for petroleum gases and other gaseous hydrocarbonses stood at $863 per ton in 2022, growing by 15% against the previous year. Overall, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for petroleum gases and other gaseous hydrocarbonses increased by +89.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 64% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was El Salvador ($891 per ton), while the price for Panama ($343 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for petroleum gases and other gaseous hydrocarbonses stood at $384 per ton in 2022, picking up by 26% against the previous year. Overall, the export price, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2021 when the average export price increased by 61% against the previous year. Over the period under review, the average export prices reached the maximum at $788 per ton in 2014; however, from 2015 to 2022, the export prices remained at a 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 Belize ($5,714 per ton), while the average price for exports to Nicaragua ($364 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 Belize (+22.9%), while the prices for the other major destinations experienced a decline.

Imports of Petroleum Gases and Other Gaseous Hydrocarbons in Guatemala

In 2022, imports of petroleum gases and other gaseous hydrocarbonses into Guatemala shrank slightly to 606K tons, almost unchanged from the previous year's figure. The total import volume increased at an average annual rate of +2.9% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 20%. As a result, imports attained the peak of 612K tons, leveling off in the following year.

In value terms, imports of petroleum gases and other gaseous hydrocarbonses reached $523M in 2022. Overall, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 97%. Imports peaked in 2022 and are expected to retain growth in years to come.

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

1. United States (604.7K tons)
2. El Salvador (0.1K tons)

Exports of Petroleum Gases and Other Gaseous Hydrocarbons in Guatemala

In 2022, exports of petroleum gases and other gaseous hydrocarbonses from Guatemala shrank to 251K tons, which is down by -4.6% on the previous year's figure. Overall, exports recorded a slight setback. The pace of growth appeared the most rapid in 2021 when exports increased by 1.5%.

In value terms, exports of petroleum gases and other gaseous hydrocarbonses skyrocketed to $96M in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +15.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +96.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 64% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

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

1. El Salvador (222.6K tons)
2. Nicaragua (23.5K tons)
3. Honduras (5.0K tons)

Source: IndexBox Market Intelligence Platform