Price for Petroleum Gases and Other Gaseous Hydrocarbons in Spain - 2023

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

The average import price for petroleum gases and other gaseous hydrocarbonses stood at $575 per ton in 2022, increasing by 35% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 36% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($1,126 per ton), while the price for Trinidad and Tobago ($307 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for petroleum gases and other gaseous hydrocarbonses stood at $820 per ton in 2022, surging by 12% against the previous year. Over the period under review, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for petroleum gases and other gaseous hydrocarbonses increased by +84.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 64% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($1,576 per ton), while the average price for exports to France ($610 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 (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Petroleum Gases and Other Gaseous Hydrocarbons in Spain

In 2022, approx. 48M tons of petroleum gases and other gaseous hydrocarbonses were imported into Spain; jumping by 85% against 2021. Overall, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of petroleum gases and other gaseous hydrocarbonses skyrocketed to $27.5B in 2022. Over the period under review, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Petroleum Gases and Other Gaseous Hydrocarbons in Spain (Billion USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	1.3	1.3	2.9	10.3	99.4%
Algeria	3.2	2.0	3.4	4.6	12.9%
Russia	0.5	0.5	1.4	4.3	104.9%
Nigeria	1.0	0.6	1.2	2.7	39.2%
Egypt	N/A	N/A	0.2	1.7	750.0%
Qatar	1.0	0.4	0.6	0.8	-7.2%
Equatorial Guinea	N/A	0.1	0.2	0.6	144.9%
Trinidad and Tobago	0.6	0.4	0.3	0.6	0.0%
Norway	0.6	0.3	0.1	0.2	-30.7%
Others	0.3	0.2	0.7	1.7	78.3%
Total	8.5	5.8	11.0	27.5	47.9%

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

Algeria (14.1M tons)
United States (9.2M tons)
Russia (8.1M tons)
Egypt (4.9M tons)
Nigeria (3.7M tons)
Trinidad and Tobago (2.1M tons)
Equatorial Guinea (1.4M tons)
Qatar (1.0M tons)
Norway (0.7M tons)

Exports of Petroleum Gases and Other Gaseous Hydrocarbons in Spain

In 2022, the amount of petroleum gases and other gaseous hydrocarbonses exported from Spain surged to 2.9M tons, rising by 69% on the previous year's figure. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 120% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of petroleum gases and other gaseous hydrocarbonses soared to $2.4B in 2022. Overall, exports showed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 260% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in the near future.

Export of Petroleum Gases and Other Gaseous Hydrocarbons in Spain (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	15.7	11.8	26.3	560	229.2%
Netherlands	119	62.7	122	428	53.2%
United States	0.2	N/A	109	373	1130.9%
Morocco	162	129	234	277	19.6%
Portugal	64.6	50.8	92.9	151	32.7%
Belgium	40.4	22.3	98.4	132	48.4%
France	12.9	24.5	21.9	94.9	94.5%
China	N/A	N/A	201	21.9	-89.1%
India	N/A	N/A	89.0	N/A	0%
Others	56.9	49.9	268	361	85.1%
Total	471	351	1,264	2,400	72.1%