Price for Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Luxembourg - 2023

Contents:

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

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

In 2022, the average import price for petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses amounted to $410 per ton, falling by -12.8% against the previous year. Overall, the import price continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2021 when the average import price increased by 5.6% against the previous year. The import price peaked at $518 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Italy ($413 per ton) and Poland ($412 per ton), while the price for the Netherlands ($397 per ton) and Belgium ($409 per ton) were amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (-2.6%), while the prices for the other major suppliers experienced a decline.

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

The average export price for petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses stood at $459 per ton in 2020, with an increase of 5.1% against the previous year. Over the last eight-year period, it increased at an average annual rate of +3.5%. The most prominent rate of growth was recorded in 2013 an increase of 49% against the previous year. Over the period under review, the average export prices attained the maximum at $519 per ton in 2014; however, from 2015 to 2020, 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 Belgium.

From 2012 to 2020, the rate of growth in terms of prices for Belgium amounted to +3.6% per year.

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

In 2022, supplies from abroad of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses decreased by -60.8% to 14 tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a significant decrease. The pace of growth appeared the most rapid in 2020 when imports increased by 69% against the previous year. As a result, imports attained the peak of 69 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses shrank dramatically to $5.6K in 2022. Overall, imports continue to indicate a dramatic shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 73%. As a result, imports reached the peak of $31K. From 2021 to 2022, the growth of imports of failed to regain momentum.

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

1. Belgium (6.8 tons)
2. Italy (3.7 tons)
3. Germany (1.9 tons)
4. Netherlands (0.6 tons)
5. Poland (0.5 tons)

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

In 2020, approx. 4 tons of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses were exported from Luxembourg; waning by -58.6% on 2019 figures. Overall, exports continue to indicate a sharp curtailment.

In value terms, exports of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses shrank remarkably to $1.8K in 2020. In general, exports recorded a precipitous decrease.

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

1. Belgium (4.0 tons)

Source: IndexBox Market Intelligence Platform