Price for Petroleum Gases and Other Gaseous Hydrocarbons in Libya - 2022
Contents:
- Price for Petroleum Gases and Other Gaseous Hydrocarbons in Libya (FOB) - 2022
- Price for Petroleum Gases and Other Gaseous Hydrocarbons in Libya (CIF) - 2022
- Exports of Petroleum Gases and Other Gaseous Hydrocarbons in Libya
- Imports of Petroleum Gases and Other Gaseous Hydrocarbons in Libya
Price for Petroleum Gases and Other Gaseous Hydrocarbons in Libya (FOB) - 2022
The average export price for petroleum gases and other gaseous hydrocarbonses stood at $895 per ton in 2022, increasing by 28% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 128% against the previous year. Over the period under review, the average export prices hit record highs at $1,273 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Lebanon ($969 per ton), while the average price for exports to Turkey ($666 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 Italy (+13.0%), while the prices for the other major destinations experienced a decline.
Price for Petroleum Gases and Other Gaseous Hydrocarbons in Libya (CIF) - 2022
In 2022, the average import price for petroleum gases and other gaseous hydrocarbonses amounted to $1,226 per ton, declining by -51.3% against the previous year. Overall, the import price, however, saw a temperate increase. The most prominent rate of growth was recorded in 2018 an increase of 467% against the previous year. As a result, import price reached the peak level of $5,494 per ton. From 2019 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($34,318 per ton), while the price for Turkey ($415 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+37.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Petroleum Gases and Other Gaseous Hydrocarbons in Libya
In 2022, approx. 3.9M tons of petroleum gases and other gaseous hydrocarbonses were exported from Libya; jumping by 39% on the previous year. Over the period under review, exports, however, continue to indicate a sharp setback. The pace of growth was the most pronounced in 2021 with an increase of 71%.
In value terms, exports of petroleum gases and other gaseous hydrocarbonses skyrocketed to $3.5B in 2022. In general, exports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 129% against the previous year.
| Export of Petroleum Gases and Other Gaseous Hydrocarbons in Libya (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 4,530 | 751 | 1,780 | 3,363 | -9.5% |
| Lebanon | 350 | 29.9 | 82.2 | 80.5 | -38.7% |
| Tunisia | 155 | 50.5 | 7.5 | 8.5 | -62.0% |
| Others | 188 | 18.5 | 72.9 | 12.7 | -59.3% |
| Total | 5,224 | 850 | 1,943 | 3,465 | -12.8% |
Top Export Markets for Petroleum Gases and Other Gaseous Hydrocarbons from Libya in 2022:
- Italy (3760.7K tons)
- Lebanon (83.0K tons)
- Tunisia (10.0K tons)
Imports of Petroleum Gases and Other Gaseous Hydrocarbons in Libya
Imports of petroleum gases and other gaseous hydrocarbonses into Libya surged to 24 tons in 2022, growing by 159% on 2021 figures. Overall, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 810% against the previous year. As a result, imports reached the peak of 67 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 skyrocketed to $30K in 2022. Over the period under review, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 435%. As a result, imports attained the peak of $58K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Petroleum Gases and Other Gaseous Hydrocarbons in Libya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 2.6 | 6.0 | 8.7 | 17.4 | 88.4% |
| Turkey | N/A | 0.2 | 2.3 | 9.5 | 589.2% |
| Netherlands | N/A | N/A | 4.3 | 2.7 | -37.2% |
| China | N/A | 17.3 | N/A | N/A | 0% |
| Malta | 5.2 | N/A | 6.8 | N/A | 14.4% |
| Lithuania | N/A | 21.4 | N/A | N/A | 0% |
| Tunisia | 3.1 | N/A | N/A | N/A | 0% |
| Others | N/A | 13.4 | 1.3 | N/A | -90.3% |
| Total | 10.9 | 58.2 | 23.4 | 29.5 | 39.4% |
Top Suppliers of Petroleum Gases and Other Gaseous Hydrocarbons to Libya in 2022:
- Turkey (22.9 tons)
- Netherlands (0.7 tons)
- Italy (0.5 tons)
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