Price for Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Canada - 2024

Contents:

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

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

The average import price for petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses stood at $319 per ton in 2022, increasing by 65% against the previous year. Overall, the import price, however, recorded a abrupt curtailment. Over the period under review, average import prices attained the maximum at $732 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Trinidad and Tobago ($382 per ton) and the United States ($369 per ton), while the price for Peru ($255 per ton) and the United Arab Emirates ($299 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+100.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses stood at $230 per ton in 2022, falling by -2.7% against the previous year. Overall, the export price saw a abrupt decrease. The most prominent rate of growth was recorded in 2020 an increase of 56% against the previous year. Over the period under review, the average export prices reached the peak figure at $646 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2014 to 2022, the rate of growth in terms of prices for China amounted to +18.1% per year.

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

In 2022, overseas purchases of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses decreased by -20.8% to 668K tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +11.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +39.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 47% against the previous year. As a result, imports reached the peak of 843K tons, and then declined notably in the following year.

In value terms, imports of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses surged to $213M in 2022. The total import value increased at an average annual rate of +8.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Peru (223.8K tons)
2. Equatorial Guinea (210.2K tons)
3. Trinidad and Tobago (122.2K tons)
4. United Arab Emirates (107.3K tons)
5. United States (4.4K tons)

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

In 2022, shipments abroad of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses decreased by -79.6% to 519 tons, falling for the second year in a row after two years of growth. Over the period under review, exports saw a precipitous decrease. The pace of growth was the most pronounced in 2020 with an increase of 8.1%. As a result, the exports attained the peak of 12K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses fell notably to $120K in 2022. In general, exports faced a dramatic decline. The most prominent rate of growth was recorded in 2020 with an increase of 69% against the previous year. As a result, the exports reached the peak of $2.6M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

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

1. China (518.6 tons)

Source: IndexBox Market Intelligence Platform