Price for Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Australia - 2024
Contents:
- Price for Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Australia (FOB) - 2022
- Price for Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Australia (CIF) - 2022
- Exports of Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Australia
- Imports of Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Australia
Price for Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Australia (FOB) - 2022
In 2022, the average export price for petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses amounted to $736 per ton, increasing by 61% against the previous year. Over the period under review, the export price, however, recorded a perceptible contraction. Over the period under review, the average export prices attained the maximum at $1,037 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($1,282 per ton), while the average price for exports to China ($653 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 China (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Australia (CIF) - 2022
The average import price for petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses stood at $315 per ton in 2022, with a decrease of -28% against the previous year. In general, the import price saw a mild curtailment. The growth pace was the most rapid in 2021 an increase of 82% against the previous year. Over the period under review, average import prices attained the maximum at $760 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($335 per ton), while the price for Indonesia ($313 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+1.2%), while the prices for the other major suppliers experienced a decline.
Exports of Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Australia
Exports of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses from Australia expanded significantly to 86M tons in 2022, increasing by 5.1% on the year before. Overall, total exports indicated a pronounced increase from 2019 to 2022: its volume increased at an average annual rate of +3.5% 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 +90.2% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 81%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in years to come.
In value terms, exports of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses soared to $63B in 2022. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 114% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Australia (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 7.7 | 4.5 | 6.5 | 12.7 | 18.2% |
| China | 6.2 | 3.9 | 7.6 | 7.3 | 5.6% |
| South Korea | 1.8 | 1.1 | 2.7 | 6.9 | 56.5% |
| Taiwan (Chinese) | 1.0 | 0.6 | 1.8 | 4.3 | 62.6% |
| Singapore | 0.4 | 0.3 | 0.6 | 1.0 | 35.7% |
| Thailand | 0.1 | 0.1 | 0.5 | 0.9 | 108.0% |
| Malaysia | 0.4 | 0.3 | 0.1 | 0.7 | 20.5% |
| Others | 16.3 | 6.6 | 17.4 | 29.2 | 21.5% |
| Total | 33.9 | 17.4 | 37.2 | 63.0 | 22.9% |
Top Export Markets for Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas from Australia in 2022:
- Japan (15.8M tons)
- China (11.2M tons)
- South Korea (8.5M tons)
- Taiwan (Chinese) (4.7M tons)
- Singapore (1.3M tons)
- Malaysia (1.1M tons)
- Thailand (0.7M tons)
Imports of Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Australia
In 2022, purchases abroad of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses was finally on the rise to reach 7.3K tons after two years of decline. In general, imports, however, recorded a sharp shrinkage.
In value terms, imports of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses contracted remarkably to $2.3M in 2022. Over the period under review, imports, however, continue to indicate a dramatic decrease.
| Import of Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 18.2 | 9.0 | 1.7 | 1.5 | -56.5% |
| Qatar | 11.8 | 5.6 | 0.9 | 0.7 | -61.0% |
| Malaysia | N/A | N/A | 0.2 | 0.2 | 0.0% |
| Singapore | 4.2 | 0.1 | N/A | N/A | -97.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 34.2 | 14.8 | 2.8 | 2.3 | -59.3% |
Top Suppliers of Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas to Australia in 2022:
- Indonesia (4.7K tons)
- Qatar (2.2K tons)
- Malaysia (0.5K tons)
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