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

Contents:

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

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

In 2022, the average import price for petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses amounted to $698 per ton, surging by 49% against the previous year. Over the period under review, the import price enjoyed measured growth. The growth pace was the most rapid in 2021 when the average import price increased by 49% against the previous year. The import price peaked at $709 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Oman ($1,136 per ton), while the price for Angola ($295 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+5.2%), 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 India (FOB) - 2022

In 2022, the average export price for petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses amounted to $900 per ton, growing by 35% against the previous year. In general, the export price, however, recorded a mild decline. The pace of growth appeared the most rapid in 2014 when the average export price increased by 41%. Over the period under review, the average export prices reached the maximum at $1,086 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Nepal amounted to -2.0% per year.

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

In 2022, after three years of growth, there was decline in purchases abroad of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses, when their volume decreased by -1.2% to 25M tons. The total import volume increased at an average annual rate of +4.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 13% against the previous year.

In value terms, imports of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses surged to $17.8B in 2022. In general, imports, however, recorded significant growth. The growth pace was the most rapid in 2021 when imports increased by 53% against the previous year. Over the period under review, imports of attained the peak figure 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 India in 2022:

1. Qatar (10.4M tons)
2. United Arab Emirates (4.7M tons)
3. United States (2.3M tons)
4. Nigeria (2.0M tons)
5. Angola (1.9M tons)
6. Oman (0.9M tons)
7. Australia (0.8M tons)

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

In 2022, overseas shipments of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses increased by 115% to 1.8K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, showed a precipitous descent.

In value terms, exports of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses skyrocketed to $1.6M in 2022. Overall, exports, however, saw a dramatic contraction.

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

1. Nepal (1746.0 tons)

Source: IndexBox Market Intelligence Platform