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

Contents:

1. Price for Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Bangladesh (CIF) - 2022
2. Imports of Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Bangladesh

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

In 2022, the average import price for petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses amounted to $687 per ton, rising by 24% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2017 when the average import price increased by 53% against the previous year. Over the period under review, average import prices reached the maximum at $1,819 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 Nigeria ($7,084 per ton), while the price for Malaysia ($350 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Bangladesh

After three years of growth, purchases abroad of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses decreased by -69.1% to 225K tons in 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 109%. As a result, imports reached the peak of 728K tons, and then declined sharply in the following year.

In value terms, imports of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses reduced notably to $154M in 2022. Over the period under review, imports, however, saw noticeable growth. The pace of growth was the most pronounced in 2021 when imports increased by 153% against the previous year. As a result, imports reached the peak of $403M, and then fell rapidly in the following year.

Top Suppliers of Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas to Bangladesh in 2022:

1. Egypt (105.5K tons)
2. United States (60.2K tons)
3. Malaysia (53.8K tons)
4. Nigeria (5.3K tons)

Source: IndexBox Market Intelligence Platform