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

Contents:

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

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

The average import price for petroleum gases and other gaseous hydrocarbonses stood at $611 per ton in 2022, increasing by 50% against the previous year. In general, the import price saw modest 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 Australia ($1,503 per ton), while the price for Oman ($249 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for petroleum gases and other gaseous hydrocarbonses amounted to $757 per ton, increasing by 17% against the previous year. Over the period under review, the export price, however, showed a slight slump. The most prominent rate of growth was recorded in 2021 an increase of 48%. The export price peaked at $1,041 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Myanmar ($908 per ton) and South Korea ($883 per ton), while the average price for exports to the Philippines ($614 per ton) and Vietnam ($618 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 China (-1.6%), while the prices for the other major destinations experienced a decline.

Imports of Petroleum Gases and Other Gaseous Hydrocarbons in Thailand

Imports of petroleum gases and other gaseous hydrocarbonses into Thailand skyrocketed to 21M tons in 2022, jumping by 44% against the previous year. In general, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +14.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.9% against 2020 indices. 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 $12.7B in 2022. Over the period under review, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Myanmar (6.6M tons)
2. Oman (4.3M tons)
3. Qatar (2.4M tons)
4. Malaysia (1.6M tons)
5. Australia (1.3M tons)
6. Brunei Darussalam (0.9M tons)
7. United Arab Emirates (0.7M tons)
8. Trinidad and Tobago (0.5M tons)
9. Egypt (0.4M tons)
10. United States (0.4M tons)
11. Indonesia (0.3M tons)
12. Saudi Arabia (0.3M tons)
13. Nigeria (0.3M tons)

Exports of Petroleum Gases and Other Gaseous Hydrocarbons in Thailand

Exports of petroleum gases and other gaseous hydrocarbonses from Thailand dropped rapidly to 283K tons in 2022, shrinking by -19.7% compared with the previous year's figure. Overall, exports saw a deep downturn. The growth pace was the most rapid in 2021 when exports increased by 9.8% against the previous year.

In value terms, exports of petroleum gases and other gaseous hydrocarbonses declined to $215M in 2022. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +5.5% 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 +52.0% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 62% against the previous year. As a result, the exports reached the peak of $229M, and then shrank in the following year.

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

1. Cambodia (88.6K tons)
2. China (73.2K tons)
3. Vietnam (41.4K tons)
4. Lao People's Democratic Republic (28.1K tons)
5. Myanmar (27.0K tons)
6. Philippines (15.3K tons)
7. South Korea (5.8K tons)

Source: IndexBox Market Intelligence Platform