Price for Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Singapore - 2023
Contents:
- Price for Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Singapore (CIF) - 2022
- Price for Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Singapore (FOB) - 2022
- Imports of Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Singapore
- Exports of Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Singapore
Price for Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Singapore (CIF) - 2022
In 2022, the average import price for petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses amounted to $561 per ton, rising by 13% against the previous year. Overall, the import price, however, faced a abrupt contraction. The growth pace was the most rapid in 2018 when the average import price increased by 32% against the previous year. The import price peaked at $1,716 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($1,330 per ton), while the price for Angola ($316 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+11.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Singapore (FOB) - 2022
The average export price for petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses stood at $925 per ton in 2022, with an increase of 3.7% against the previous year. Overall, the export price, however, saw a deep reduction. The most prominent rate of growth was recorded in 2021 an increase of 267% against the previous year. The export price peaked at $10,450 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($1,863 per ton), while the average price for exports to Japan ($470 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 China (+24.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Singapore
In 2022, imports of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses into Singapore soared to 6.3M tons, increasing by 40% on the previous year. Over the period under review, imports posted a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 91%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses soared to $3.5B in 2022. Overall, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 97% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 828 | 675 | 1,335 | 2,077 | 35.9% |
| United States | 262 | 192 | 198 | 623 | 33.5% |
| Qatar | 49.6 | 82.7 | 60.5 | 243 | 69.8% |
| Angola | 16.3 | 49.5 | 306 | 88.7 | 75.9% |
| Equatorial Guinea | 83.5 | 22.1 | 76.8 | 69.1 | -6.1% |
| Malaysia | 0.6 | 1.4 | 46.1 | 68.3 | 384.6% |
| Egypt | 207 | 30.1 | 114 | 60.8 | -33.5% |
| Indonesia | 67.5 | 38.1 | 33.9 | 44.0 | -13.3% |
| Others | 79.7 | 51.4 | 76.3 | 272 | 50.6% |
| Total | 1,595 | 1,142 | 2,247 | 3,545 | 30.5% |
Top Suppliers of Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas to Singapore in 2022:
- Australia (4112.5K tons)
- Qatar (706.3K tons)
- United States (468.7K tons)
- Angola (280.7K tons)
- Equatorial Guinea (168.8K tons)
- Egypt (168.0K tons)
- Malaysia (124.6K tons)
- Indonesia (69.3K tons)
Exports of Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Singapore
In 2022, overseas shipments of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses decreased by -68.5% to 241K tons, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 206% against the previous year. As a result, the exports reached the peak of 982K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses contracted notably to $223M in 2022. Over the period under review, exports, however, saw a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of 186% against the previous year. As a result, the exports reached the peak of $684M, and then contracted remarkably in the following year.
| Export of Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 32.0 | 192 | 393 | 141 | 63.9% |
| Japan | 30.7 | 19.7 | 146 | 73.6 | 33.8% |
| United States | 1.2 | N/A | 10.1 | 3.6 | 44.2% |
| South Korea | 15.5 | 12.0 | 102 | 2.2 | -47.8% |
| Taiwan (Chinese) | 18.3 | N/A | 24.8 | N/A | 16.4% |
| Pakistan | 14.5 | N/A | N/A | N/A | 0% |
| Others | 29.0 | 15.7 | 8.5 | 3.0 | -53.1% |
| Total | 141 | 239 | 684 | 223 | 16.5% |
Top Export Markets for Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas from Singapore in 2022:
- Japan (156.7K tons)
- China (75.6K tons)
- United States (3.8K tons)
- South Korea (1.8K tons)
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