Price for Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Malaysia - 2024
Contents:
- Price for Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Malaysia (FOB) - 2022
- Price for Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Malaysia (CIF) - 2022
- Exports of Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Malaysia
- Imports of Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Malaysia
Price for Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Malaysia (FOB) - 2022
In 2022, the average export price for petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses amounted to $555 per ton, jumping by 58% against the previous year. In general, the export price, however, showed a pronounced shrinkage. The export price peaked at $778 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Japan ($590 per ton) and China ($548 per ton), while the average price for exports to Taiwan (Chinese) ($399 per ton) and South Korea ($529 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Malaysia (CIF) - 2022
In 2022, the average import price for petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses amounted to $751 per ton, surging by 81% against the previous year. Overall, the import price, however, continues to indicate a mild downturn. Over the period under review, average import prices attained the peak figure at $842 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 country with the highest price was Brunei Darussalam ($752 per ton), while the price for Australia stood at $750 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Yemen (+6.9%), while the prices for the other major suppliers experienced a decline.
Exports of Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Malaysia
In 2022, approx. 28M tons of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses were exported from Malaysia; surging by 11% compared with 2021 figures. The total export volume increased at an average annual rate of +2.9% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses surged to $15.5B in 2022. Over the period under review, exports saw buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Malaysia (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 4.1 | 3.3 | 3.8 | 6.9 | 18.9% |
| China | 2.5 | 1.6 | 3.0 | 4.1 | 17.9% |
| South Korea | 1.9 | 1.5 | 1.3 | 2.8 | 13.8% |
| Thailand | 0.5 | 0.3 | 0.4 | 1.0 | 26.0% |
| Taiwan (Chinese) | 1.2 | 0.2 | 0.1 | 0.3 | -37.0% |
| Others | 0.1 | 0.1 | 0.1 | 0.3 | 44.2% |
| Total | 10.3 | 7.1 | 8.8 | 15.5 | 14.6% |
Top Export Markets for Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas from Malaysia in 2022:
- Japan (11.8M tons)
- China (7.5M tons)
- South Korea (5.4M tons)
- Thailand (1.9M tons)
- Taiwan (Chinese) (0.7M tons)
Imports of Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Malaysia
Imports of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses into Malaysia surged to 2.9M tons in 2022, picking up by 240% against 2021 figures. Overall, imports saw a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses surged to $2.2B in 2022. In general, imports saw a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 866 | 859 | 295 | 1,546 | 21.3% |
| Brunei Darussalam | 391 | 269 | 40.0 | 623 | 16.8% |
| Nigeria | 14.4 | 18.8 | 18.0 | N/A | 11.8% |
| Others | 51.8 | 19.6 | N/A | 10.5 | -41.3% |
| Total | 1,323 | 1,167 | 353 | 2,179 | 18.1% |
Top Suppliers of Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas to Malaysia in 2022:
- Australia (2061.8K tons)
- Brunei Darussalam (828.0K tons)
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