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

Contents:

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

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

In 2022, the average import price for petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses amounted to $1,187 per ton, dropping by -33.5% against the previous year. In general, the import price, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by 202% against the previous year. As a result, import price reached the peak level of $1,785 per ton, and then contracted rapidly in the following year.

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 ($10,164 per ton), while the price for Trinidad and Tobago ($255 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 (+15.6%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses amounted to $186 per ton, dropping by -25.7% against the previous year. Over the period under review, the export price recorded a deep slump. The pace of growth appeared the most rapid in 2020 a decrease of -8.2% against the previous year. The export price peaked at $957 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Costa Rica amounted to -15.1% per year.

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

In 2022, the amount of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses imported into Colombia surged to 74K tons, increasing by 371% against 2021. Over the period under review, imports, however, recorded a abrupt downturn.

In value terms, imports of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses soared to $88M in 2022. Overall, imports recorded a strong expansion. As a result, imports reached 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 Colombia in 2022:

1. United States (34.6K tons)
2. United Kingdom (22.5K tons)
3. Trinidad and Tobago (13.3K tons)
4. Nigeria (3.4K tons)

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

For the fourth consecutive year, Colombia recorded growth in shipments abroad of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses, which increased by 40% to 19K tons in 2022. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +22.7% 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 +84.8% against 2019 indices. As a result, the exports attained 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 amounted to $3.5M in 2022. The total export value increased at an average annual rate of +2.8% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. 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 Colombia in 2022:

1. Costa Rica (18.9K tons)

Source: IndexBox Market Intelligence Platform