Price for Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Ghana - 2022

Contents:

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

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

In 2022, the average import price for petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses amounted to $1,126 per ton, reducing by -22.6% against the previous year. Over the period under review, the import price saw a noticeable decrease. The growth pace was the most rapid in 2018 an increase of 55% against the previous year. The import price peaked at $2,336 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 China ($1,635 per ton), while the price for Belgium ($353 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.2%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses amounted to $750 per ton, picking up by 6.5% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 23%. Over the period under review, the average export prices reached the maximum at $892 per ton in 2017; however, from 2018 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 Burkina Faso.

From 2012 to 2022, the rate of growth in terms of prices for Burkina Faso amounted to -0.4% per year.

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

In 2022, the amount of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses imported into Ghana skyrocketed to 366 tons, growing by 129% on the previous year. Over the period under review, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 146%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, imports of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses surged to $413K in 2022. In general, imports recorded significant growth. The pace of growth was the most pronounced in 2020 with an increase of 77% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

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

1. China (214.4 tons)
2. Belgium (127.3 tons)
3. Nigeria (13.1 tons)
4. United States (7.5 tons)

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

Exports of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses from Ghana totaled 84 tons in 2022, picking up by 13% on 2021 figures. The total export volume increased at an average annual rate of +12.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 13% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses skyrocketed to $63K in 2022. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.8% against 2019 indices. As a result, the exports reached 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 Ghana in 2022:

1. Burkina Faso (84.3 tons)

Source: IndexBox Market Intelligence Platform