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

Contents:

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

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

In 2022, the average export price for petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses amounted to $756 per ton, rising by 39% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $794 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($1,164 per ton), while the average price for exports to China ($598 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+11.1%), 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 Oman (CIF) - 2022

The average import price for petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses stood at $1,036 per ton in 2022, picking up by 5.6% against the previous year. Overall, the import price, however, saw a perceptible reduction. The most prominent rate of growth was recorded in 2021 an increase of 92%. The import price peaked at $1,568 per ton in 2012; however, from 2013 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 Bahrain ($7,663 per ton), while the price for Qatar ($315 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+64.1%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, approx. 15M tons of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses were exported from Oman; with an increase of 49% against the previous year. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +17.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +74.5% against 2020 indices. As a result, the exports attained 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 skyrocketed to $11.4B in 2022. In general, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. South Korea (6.8M tons)
2. Japan (2.4M tons)
3. China (2.2M tons)
4. Thailand (1.5M tons)
5. India (0.9M tons)
6. Taiwan (Chinese) (0.4M tons)
7. Spain (0.4M tons)

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

In 2022, the amount of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses imported into Oman surged to 42K tons, with an increase of 59% against the year before. Over the period under review, imports posted significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 62% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses soared to $44M in 2022. Overall, imports posted a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 210%. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in the near future.

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

1. Qatar (37.9K tons)
2. Bahrain (2.3K tons)
3. Iraq (1.8K tons)

Source: IndexBox Market Intelligence Platform