Price for Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in South Africa - 2024

Contents:

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

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

In 2022, the average import price for petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses amounted to $145 per ton, with an increase of 61% against the previous year. Over the period under review, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses increased by +75.5% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Mozambique.

From 2012 to 2022, the rate of growth in terms of prices for Mozambique amounted to +4.1% per year.

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

In 2022, the average export price for petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses amounted to $728 per ton, shrinking by -2.9% against the previous year. Overall, the export price saw a pronounced curtailment. The pace of growth appeared the most rapid in 2021 when the average export price increased by 12% against the previous year. The export price peaked at $1,026 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Botswana ($5,172 per ton), while the average price for exports to Swaziland ($664 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 Botswana (+19.5%), while the prices for the other major destinations experienced a decline.

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

In 2022, approx. 2.8M tons of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses were imported into South Africa; dropping by -2.4% on 2021 figures. In general, imports recorded a slight curtailment. The smallest decline of less than 0.1% was in 2021.

In value terms, imports of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses surged to $408M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +8.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.2% against 2020 indices. As a result, imports reached 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 South Africa in 2022:

1. Mozambique (2.8M tons)

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

In 2022, shipments abroad of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses increased by 25% to 10K tons for the first time since 2019, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +5.1% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. 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 surged to $7.4M in 2022. The total export value increased at an average annual rate of +10.1% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached 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 South Africa in 2022:

1. Lesotho (4.8K tons)
2. Swaziland (3.4K tons)
3. Zimbabwe (1.6K tons)
4. Namibia (0.3K tons)

Source: IndexBox Market Intelligence Platform