Price for Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in the United Arab Emirates - 2022

Contents:

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

Price for Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in the United Arab Emirates (FOB) - 2022

In 2022, the average export price for petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses amounted to $570 per ton, with an increase of 6.9% against the previous year. Over the period under review, the export price, however, saw a pronounced contraction. The growth pace was the most rapid in 2014 an increase of 63%. As a result, the export price attained the peak level of $1,418 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($1,478 per ton), while the average price for exports to Taiwan (Chinese) ($244 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 (+54.1%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in the United Arab Emirates (CIF) - 2022

In 2022, the average import price for petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses amounted to $211 per ton, falling by -51.9% against the previous year. Overall, the import price recorded a abrupt setback. The pace of growth was the most pronounced in 2019 an increase of 52% against the previous year. The import price peaked at $1,520 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Qatar amounted to +13.6% per year.

Exports of Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in the United Arab Emirates

In 2022, approx. 11M tons of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses were exported from the United Arab Emirates; with an increase of 92% on the previous year's figure. Over the period under review, exports enjoyed a significant increase. 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 skyrocketed to $6.5B in 2022. In general, exports continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 107%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.

Top Export Markets for Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas from the United Arab Emirates in 2022:

1. India (5.8M tons)
2. Japan (2.5M tons)
3. Taiwan (Chinese) (1.5M tons)
4. South Korea (0.8M tons)
5. Pakistan (0.3M tons)
6. China (0.1M tons)

Imports of Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in the United Arab Emirates

Imports of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses into the United Arab Emirates reduced remarkably to 20K tons in 2022, dropping by -77.8% compared with the previous year. Overall, imports faced a precipitous decrease. The smallest decline of -47.3% was in 2021.

In value terms, imports of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses shrank significantly to $4.2M in 2022. In general, imports faced a significant decline. The smallest decline of -47.2% was in 2021.

Top Suppliers of Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas to the United Arab Emirates in 2022:

1. Mozambique (19.8K tons)

Source: IndexBox Market Intelligence Platform