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

Contents:

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

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

In 2022, the average import price for petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses amounted to $806 per ton, growing by 45% against the previous year. In general, the import price posted a temperate expansion. The pace of growth appeared the most rapid in 2021 when the average import price increased by 52%. The import price peaked in 2022 and is expected to retain growth in years to come.

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 the United States ($1,057 per ton), while the price for Nigeria ($602 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+18.6%), 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 China (FOB) - 2022

The average export price for petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses stood at $581 per ton in 2022, surging by 112% against the previous year. Overall, the export price, however, continues to indicate a pronounced decrease. Over the period under review, the average export prices attained the peak figure at $710 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($701 per ton), while the average price for exports to Italy ($369 per ton) was amongst the lowest.

From 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+13.1%).

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

In 2022, overseas purchases of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses decreased by -18.4% to 65M tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +2.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 24% against the previous year. As a result, imports attained the peak of 79M tons, and then declined remarkably in the following year.

In value terms, imports of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses skyrocketed to $52.2B in 2022. In general, imports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 90%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

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

1. Australia (21.7M tons)
2. Qatar (15.6M tons)
3. Malaysia (7.3M tons)
4. Russia (6.5M tons)
5. Indonesia (3.7M tons)
6. Papua New Guinea (2.5M tons)
7. United States (2.1M tons)

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

After two years of decline, shipments abroad of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses increased by 7,076% to 1.9M tons in 2022. Overall, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses soared to $1.1B in 2022. Over the period under review, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. South Korea (1146.4K tons)
2. Italy (280.9K tons)
3. Japan (247.9K tons)
4. Thailand (242.9K tons)

Source: IndexBox Market Intelligence Platform