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

Contents:

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

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

In 2022, the average import price for petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses amounted to $480 per ton, rising by 70% against the previous year. In general, the import price recorded a buoyant increase. The growth pace was the most rapid in 2017 an increase of 77%. As a result, import price reached the peak level of $503 per ton. From 2018 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lithuania ($1,376 per ton), while the price for Russia ($412 per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+25.2%), 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 Estonia (FOB) - 2022

The average export price for petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses stood at $681 per ton in 2022, growing by 66% against the previous year. Overall, the export price posted a notable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Lithuania ($821 per ton), while the average price for exports to Latvia stood at $441 per ton.

From 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+1.0%).

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

In 2022, overseas purchases of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses decreased by -32.9% to 57K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 646%. As a result, imports attained the peak of 85K tons, and then shrank significantly in the following year.

In value terms, imports of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses expanded remarkably to $27M in 2022. Overall, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 866%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

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

1. Russia (53.5K tons)
2. Finland (1.3K tons)
3. Lithuania (1.3K tons)

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

In 2022, after three years of growth, there was significant decline in shipments abroad of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses, when their volume decreased by -33.3% to 23K tons. In general, exports, however, showed a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 479%. As a result, the exports reached the peak of 35K tons, and then fell significantly in the following year.

In value terms, exports of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses reached $16M in 2022. Overall, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 674% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

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

1. Lithuania (14.6K tons)
2. Latvia (8.5K tons)

Source: IndexBox Market Intelligence Platform