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

Contents:

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

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

In 2022, the average import price for petroleum gases and other gaseous hydrocarbonses amounted to $666 per ton, growing by 3.5% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2021 when the average import price increased by 70%. Over the period under review, average import prices hit record highs at $954 per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 Kazakhstan ($776 per ton) and Algeria ($733 per ton), while the price for the United States ($584 per ton) and Norway ($652 per ton) were amongst the lowest.

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

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

In 2022, the average export price for petroleum gases and other gaseous hydrocarbonses amounted to $750 per ton, surging by 12% against the previous year. Overall, the export price, however, recorded a abrupt setback. The pace of growth appeared the most rapid in 2021 when the average export price increased by 57% against the previous year. The export price peaked at $1,561 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Syrian Arab Republic ($786 per ton) and Romania ($772 per ton), while the average price for exports to Bulgaria ($683 per ton) and Tunisia ($731 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 Greece (-1.2%), while the prices for the other major destinations experienced a decline.

Imports of Petroleum Gases and Other Gaseous Hydrocarbons in Turkey

In 2022, the amount of petroleum gases and other gaseous hydrocarbonses imported into Turkey surged to 3.7M tons, rising by 17% on the previous year. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +17.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 37%. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, imports of petroleum gases and other gaseous hydrocarbonses soared to $2.4B in 2022. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 71%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

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

1. United States (1638.9K tons)
2. Algeria (1464.5K tons)
3. Kazakhstan (247.2K tons)
4. Russia (205.8K tons)
5. Norway (56.4K tons)

Exports of Petroleum Gases and Other Gaseous Hydrocarbons in Turkey

For the fourth year in a row, Turkey recorded growth in overseas shipments of petroleum gases and other gaseous hydrocarbonses, which increased by 55% to 530K tons in 2022. Over the period under review, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of petroleum gases and other gaseous hydrocarbonses skyrocketed to $398M in 2022. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 111%. 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 from Turkey in 2022:

1. Lebanon (190.3K tons)
2. Tunisia (157.5K tons)
3. Bulgaria (41.6K tons)
4. Cyprus (37.8K tons)
5. Syrian Arab Republic (33.1K tons)
6. Romania (26.9K tons)
7. Greece (16.6K tons)

Source: IndexBox Market Intelligence Platform