Price for Petroleum Gases and Other Gaseous Hydrocarbons in Norway - 2024

Contents:

1. Price for Petroleum Gases and Other Gaseous Hydrocarbons in Norway (FOB) - 2022
2. Price for Petroleum Gases and Other Gaseous Hydrocarbons in Norway (CIF) - 2022
3. Exports of Petroleum Gases and Other Gaseous Hydrocarbons in Norway
4. Imports of Petroleum Gases and Other Gaseous Hydrocarbons in Norway

Price for Petroleum Gases and Other Gaseous Hydrocarbons in Norway (FOB) - 2022

In 2022, the average export price for petroleum gases and other gaseous hydrocarbonses amounted to $130 per ton, reducing by -7.6% against the previous year. Overall, the export price recorded a deep downturn. The most prominent rate of growth was recorded in 2018 an increase of 47%. Over the period under review, the average export prices hit record highs at $537 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were the UK ($145 per ton) and Belgium ($133 per ton), while the average price for exports to Germany ($120 per ton) and France ($126 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-11.9%), while the prices for the other major destinations experienced a decline.

Price for Petroleum Gases and Other Gaseous Hydrocarbons in Norway (CIF) - 2022

In 2022, the average import price for petroleum gases and other gaseous hydrocarbonses amounted to $3,017 per ton, picking up by 95% against the previous year. In general, the import price showed buoyant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Russia ($7,154 per ton), while the price for the Netherlands ($1,767 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+30.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Petroleum Gases and Other Gaseous Hydrocarbons in Norway

In 2022, exports of petroleum gases and other gaseous hydrocarbonses from Norway skyrocketed to 1,147M tons, rising by 133% against 2021 figures. In general, exports recorded significant growth. The pace of growth was the most pronounced in 2021 with an increase of 434% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, exports of petroleum gases and other gaseous hydrocarbonses soared to $149.1B in 2022. Overall, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 388%. The exports peaked in 2022 and are likely to see steady growth in the near future.

Top Export Markets for Petroleum Gases and Other Gaseous Hydrocarbons from Norway in 2022:

1. Germany (549.2M tons)
2. United Kingdom (259.7M tons)
3. France (177.1M tons)
4. Belgium (145.3M tons)

Imports of Petroleum Gases and Other Gaseous Hydrocarbons in Norway

Imports of petroleum gases and other gaseous hydrocarbonses into Norway declined dramatically to 17K tons in 2022, which is down by -56.6% against the previous year. Over the period under review, imports, however, continue to indicate tangible growth. The most prominent rate of growth was recorded in 2021 with an increase of 304%. As a result, imports attained the peak of 40K tons, and then dropped significantly in the following year.

In value terms, imports of petroleum gases and other gaseous hydrocarbonses declined significantly to $52M in 2022. In general, imports, however, recorded a significant increase. The growth pace was the most rapid in 2021 with an increase of 271%. As a result, imports attained the peak of $62M, and then declined markedly in the following year.

Top Suppliers of Petroleum Gases and Other Gaseous Hydrocarbons to Norway in 2022:

1. Netherlands (8.1K tons)
2. Sweden (4.6K tons)
3. Russia (3.3K tons)
4. Belgium (0.7K tons)
5. Finland (0.4K tons)

Source: IndexBox Market Intelligence Platform