Price for Petroleum Gases and Other Gaseous Hydrocarbons in Oman - 2022

Contents:

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

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

The average import price for petroleum gases and other gaseous hydrocarbonses stood at $861 per ton in 2022, jumping by 23% against the previous year. In general, the import price, however, recorded a drastic downturn. The pace of growth appeared the most rapid in 2018 an increase of 74%. The import price peaked at $3,528 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Bahrain ($1,145 per ton) and South Korea ($970 per ton), while the price for Maldives ($796 per ton) and Iraq ($818 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+2.2%), while the prices for the other major suppliers experienced a decline.

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

The average export price for petroleum gases and other gaseous hydrocarbonses stood at $840 per ton in 2022, waning by -74.5% against the previous year. Overall, the export price saw a precipitous curtailment. The most prominent rate of growth was recorded in 2021 when the average export price increased by 682% against the previous year. Over the period under review, the average export prices attained the peak figure at $94,854 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Mauritius ($954 per ton) and the United Arab Emirates ($889 per ton), while the average price for exports to India ($820 per ton) and Maldives ($838 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 Jordan (+5,431.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Petroleum Gases and Other Gaseous Hydrocarbons in Oman

In 2022, imports of petroleum gases and other gaseous hydrocarbonses into Oman surged to 368K tons, rising by 3,572% against the year before. Over the period under review, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of petroleum gases and other gaseous hydrocarbonses surged to $316M in 2022. Overall, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Iraq (257.1K tons)
2. Bahrain (21.6K tons)
3. Maldives (20.0K tons)
4. Saudi Arabia (18.9K tons)
5. United Arab Emirates (15.5K tons)
6. India (14.2K tons)
7. South Korea (8.1K tons)
8. Algeria (6.9K tons)

Exports of Petroleum Gases and Other Gaseous Hydrocarbons in Oman

In 2022, exports of petroleum gases and other gaseous hydrocarbonses from Oman dropped rapidly to 172K tons, with a decrease of -87.2% on the year before. In general, exports recorded a precipitous setback. The smallest decline of -21.5% was in 2020.

In value terms, exports of petroleum gases and other gaseous hydrocarbonses reduced rapidly to $144M in 2022. Overall, exports continue to indicate a significant contraction. The pace of growth was the most pronounced in 2021 with an increase of 29%.

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

1. Maldives (81.7K tons)
2. India (64.6K tons)
3. Jordan (11.9K tons)
4. Mauritius (5.9K tons)
5. Free Zones (5.5K tons)

Source: IndexBox Market Intelligence Platform