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

Contents:

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

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

In 2022, the average export price for petroleum gases and other gaseous hydrocarbonses amounted to $301 per ton, increasing by 10% against the previous year. Overall, the export price, however, showed a deep slump. The pace of growth was the most pronounced in 2018 when the average export price increased by 23%. Over the period under review, the average export prices attained the peak figure at $883 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Pakistan ($559 per ton), while the average price for exports to Turkey ($159 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 Pakistan (-1.8%), while the prices for the other major destinations experienced a decline.

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

In 2022, the average import price for petroleum gases and other gaseous hydrocarbonses amounted to $1,052 per ton, increasing by 17% against the previous year. In general, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.6% 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 decreased by -25.0% against 2019 indices. The pace of growth was the most pronounced in 2019 an increase of 115%. As a result, import price reached the peak level of $1,403 per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Azerbaijan ($19,902 per ton), while the price for Kazakhstan ($509 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Azerbaijan (+28.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Petroleum Gases and Other Gaseous Hydrocarbons in Iran

In 2022, exports of petroleum gases and other gaseous hydrocarbonses from Iran expanded rapidly to 65M tons, increasing by 6.2% compared with the previous year. Over the period under review, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +21.0% 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 +77.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 41% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, exports of petroleum gases and other gaseous hydrocarbonses skyrocketed to $19.5B in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +18.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 26%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

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

1. China (27.1M tons)
2. Turkey (27.0M tons)
3. Pakistan (3.5M tons)
4. Thailand (2.0M tons)
5. United Arab Emirates (1.3M tons)
6. Armenia (1.3M tons)
7. Afghanistan (1.1M tons)

Imports of Petroleum Gases and Other Gaseous Hydrocarbons in Iran

In 2022, overseas purchases of petroleum gases and other gaseous hydrocarbonses decreased by -33.3% to 6.6K tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2020 with an increase of 45%. As a result, imports attained the peak of 12K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of petroleum gases and other gaseous hydrocarbonses dropped markedly to $6.9M in 2022. Over the period under review, imports saw a drastic downturn. The smallest decline of -11.5% was in 2021.

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

1. Kazakhstan (6.3K tons)
2. United Arab Emirates (0.1K tons)
3. Azerbaijan (0.1K tons)

Source: IndexBox Market Intelligence Platform