Price for Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Austria - 2022

Contents:

1. Price for Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Austria (FOB) - 2022
2. Exports of Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Austria

Price for Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Austria (FOB) - 2022

In 2022, the average export price for petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses amounted to $1,609 per ton, with an increase of 79% against the previous year. In general, the export price continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 an increase of 334%. The export price peaked in 2022 and is likely to see steady growth in years to come.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($1,677 per ton), while the average price for exports to Italy amounted to $1,596 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+42.5%), while the prices for the other major destinations experienced mixed trend patterns.

Exports of Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Austria

In 2022, shipments abroad of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses decreased by -41.2% to 12K tons, falling for the second consecutive year after two years of growth. Overall, exports saw a sharp decline. The most prominent rate of growth was recorded in 2020 when exports increased by 18%. As a result, the exports attained the peak of 54K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses rose significantly to $19M in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +16.1% 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 +68.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 60%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Top Export Markets for Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas from Austria in 2022:

1. Italy (9.8K tons)
2. Belgium (1.9K tons)

Source: IndexBox Market Intelligence Platform