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

Contents:

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

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

The average import price for petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses stood at $514 per ton in 2022, almost unchanged from the previous year. Over the period under review, the import price saw a slight setback. The growth pace was the most rapid in 2021 when the average import price increased by 22% against the previous year. The import price peaked at $646 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -1.7% per year.

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

In 2022, imports of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses into Venezuela amounted to 109 tons, almost unchanged from 2021. The total import volume increased at an average annual rate of +2.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 5.4% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses totaled $56K in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +13.4% 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 +46.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 28%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

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

1. United States (108.7 tons)

Source: IndexBox Market Intelligence Platform