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

Contents:

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

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

The average export price for petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses stood at $675 per ton in 2022, jumping by 40% against the previous year. In general, the export price continues to indicate a perceptible expansion. The most prominent rate of growth was recorded in 2021 an increase of 81% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

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 the Netherlands ($1,281 per ton), while the average price for exports to Japan ($492 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses amounted to $1,145 per ton, increasing by 151% against the previous year. In general, the import price, however, recorded a dramatic downturn. The import price peaked at $26,630 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Israel.

From 2014 to 2022, the rate of growth in terms of prices for Norway amounted to -10.4% per year.

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

In 2022, exports of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses from Egypt skyrocketed to 15M tons, increasing by 80% against the previous year. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 392% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, exports of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses soared to $9.9B in 2022. Overall, exports saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 790%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

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

1. Spain (3.7M tons)
2. Turkey (2.8M tons)
3. China (1.4M tons)
4. South Korea (1.4M tons)
5. France (1.0M tons)
6. Netherlands (0.7M tons)
7. Italy (0.5M tons)
8. Greece (0.5M tons)
9. India (0.4M tons)
10. United Kingdom (0.3M tons)
11. Jordan (0.2M tons)
12. Japan (0.2M tons)

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

In 2022, supplies from abroad of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses decreased by -24.5% to 1.6M tons for the first time since 2019, thus ending a two-year rising trend. In general, total imports indicated resilient growth from 2020 to 2022: its volume increased at an average annual rate of +7.9% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +16.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 54%. As a result, imports attained the peak of 2.2M tons, and then shrank sharply in the following year.

In value terms, imports of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses skyrocketed to $1.9B in 2022. Over the period under review, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 156% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the near future.

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

1. Israel (1.6M tons)

Source: IndexBox Market Intelligence Platform