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

Contents:

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

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

The average import price for petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses stood at $1,578 per ton in 2022, with an increase of 8.3% against the previous year. Overall, the import price showed prominent growth. The growth pace was the most rapid in 2021 an increase of 85%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

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 Spain ($10,974 per ton), while the price for Algeria totaled $813 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Algeria (-0.4%).

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

In 2022, the average export price for petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses amounted to $857 per ton, approximately mirroring the previous year. Over the period under review, the export price posted a significant increase. The most prominent rate of growth was recorded in 2020 when the average export price decreased by -7.3%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

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

From 2019 to 2022, the rate of growth in terms of prices for the UK amounted to +46.9% per year.

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

In 2022, imports of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses into Morocco totaled 46K tons, standing approx. at the previous year's figure. Over the period under review, imports, however, faced a deep slump. The pace of growth was the most pronounced in 2020 with an increase of 1.3% against the previous year. As a result, imports attained the peak of 78K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses stood at $73M in 2022. The total import value increased at an average annual rate of +8.4% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Algeria (42.5K tons)
2. Spain (3.5K tons)

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

In 2022, overseas shipments of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses decreased by 0% to 21 kg, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2020 when exports increased by 123%. As a result, the exports reached the peak of 78 kg. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses stood at $18 in 2022. In general, exports saw a resilient increase. The pace of growth was the most pronounced in 2020 with an increase of 107% against the previous year. As a result, the exports attained the peak of $31. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

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

1. United Kingdom (21.0 kg)

Source: IndexBox Market Intelligence Platform