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

Contents:

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

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

In 2022, the average export price for petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses amounted to $583 per ton, increasing by 15% against the previous year. In general, the export price saw a remarkable increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by 894% against the previous year. As a result, the export price attained the peak level of $4,556 per ton. From 2020 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Japan.

From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to +5.6% per year.

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

In 2022, the average import price for petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses amounted to $303 per ton, waning by -8.4% against the previous year. Overall, the import price recorded a deep slump. The most prominent rate of growth was recorded in 2013 a decrease of -4.6% against the previous year. The import price peaked at $789 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Qatar ($343 per ton), while the price for China totaled $217 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (-8.0%).

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

For the fourth consecutive year, Vietnam recorded growth in overseas shipments of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses, which increased by 6% to 220K tons in 2022. Overall, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 888%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses skyrocketed to $128M in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +12.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 28%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

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

1. Japan (219.5K tons)

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

In 2022, overseas purchases of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses increased by 0.7% to 22K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a abrupt descent.

In value terms, imports of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses shrank to $6.8M in 2022. Overall, imports, however, faced a precipitous curtailment.

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

1. Qatar (15.2K tons)
2. China (7.2K tons)

Source: IndexBox Market Intelligence Platform