Price for Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Kuwait - 2022
Contents:
- Price for Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Kuwait (CIF) - 2022
- Imports of Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Kuwait
Price for Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Kuwait (CIF) - 2022
The average import price for petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses stood at $810 per ton in 2022, picking up by 15% against the previous year. Over the period under review, the import price continues to indicate a temperate expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 84%. The import price peaked at $1,095 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Nigeria ($7,001 per ton), while the price for Qatar ($546 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+32.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Kuwait
In 2022, purchases abroad of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses decreased by -14.2% to 852K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 206%. As a result, imports reached the peak of 993K tons, and then contracted in the following year.
In value terms, imports of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses shrank modestly to $690M in 2022. Overall, imports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 148%. As a result, imports attained the peak of $700M, and then declined slightly in the following year.
| Import of Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | 199 | 185 | 367 | 287 | 13.0% |
| Nigeria | 33.6 | 21.7 | 129 | 214 | 85.4% |
| United States | 13.5 | 38.0 | 92.5 | 88.6 | 87.2% |
| Egypt | 4.6 | 3.1 | 32.0 | 45.3 | 114.3% |
| Angola | 14.8 | 13.9 | 26.1 | 20.6 | 11.7% |
| Spain | 12.4 | 10.5 | 17.7 | 15.6 | 8.0% |
| Malaysia | 8.3 | 7.9 | 15.9 | 12.6 | 14.9% |
| Norway | 4.1 | 2.6 | 6.0 | 5.3 | 8.9% |
| Others | 0.5 | N/A | 13.6 | N/A | 421.5% |
| Total | 291 | 282 | 700 | 690 | 33.3% |
Top Suppliers of Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas to Kuwait in 2022:
- Qatar (525.8K tons)
- United States (145.0K tons)
- Egypt (53.2K tons)
- Angola (32.6K tons)
- Nigeria (30.6K tons)
- Spain (24.0K tons)
- Malaysia (21.5K tons)
- Norway (19.3K tons)
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