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

Contents:

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

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

In 2022, the average import price for petroleum gases and other gaseous hydrocarbonses amounted to $332 per ton, rising by 50% against the previous year. Over the period under review, the import price, however, saw a abrupt slump. The import price peaked at $885 per ton in 2013; however, from 2014 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 Iran ($342 per ton), while the price for the United Arab Emirates stood at $165 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (-8.9%).

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

The average export price for petroleum gases and other gaseous hydrocarbonses stood at $659 per ton in 2022, dropping by -16.7% against the previous year. Over the period under review, the export price showed a slight descent. The most prominent rate of growth was recorded in 2017 an increase of 49% against the previous year. Over the period under review, the average export prices attained the peak figure at $791 per ton in 2021, and then dropped significantly in the following year.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were the Philippines ($848 per ton) and Sri Lanka ($688 per ton), while the average price for exports to China ($570 per ton) and India ($644 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sri Lanka (+11.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Petroleum Gases and Other Gaseous Hydrocarbons in Iraq

In 2022, overseas purchases of petroleum gases and other gaseous hydrocarbonses decreased by -19.8% to 8.8M tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of 64% against the previous year. As a result, imports attained the peak of 11M tons, and then fell significantly in the following year.

In value terms, imports of petroleum gases and other gaseous hydrocarbonses surged to $2.9B in 2022. Overall, imports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 52% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in the immediate term.

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

1. Iran (8.1M tons)
2. United Arab Emirates (0.6M tons)

Exports of Petroleum Gases and Other Gaseous Hydrocarbons in Iraq

In 2022, exports of petroleum gases and other gaseous hydrocarbonses from Iraq surged to 365K tons, with an increase of 65% on 2021 figures. In general, exports posted significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 111%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, exports of petroleum gases and other gaseous hydrocarbonses surged to $240M in 2022. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 200% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

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

1. Pakistan (234.5K tons)
2. Sri Lanka (46.3K tons)
3. India (37.9K tons)
4. China (30.0K tons)
5. Philippines (6.6K tons)

Source: IndexBox Market Intelligence Platform