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

Contents:

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

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

The average import price for petroleum gases and other gaseous hydrocarbonses stood at $273 per ton in 2022, which is down by -9.3% against the previous year. In general, the import price saw a deep setback. The most prominent rate of growth was recorded in 2017 an increase of 33%. Over the period under review, average import prices reached the maximum at $561 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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 the United States ($3,429 per ton), while the price for Colombia amounted to $271 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Trinidad and Tobago (+128.3%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for petroleum gases and other gaseous hydrocarbonses amounted to $408 per ton, therefore, remained relatively stable against the previous year. In general, the export price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2013 an increase of 30%. As a result, the export price reached the peak level of $1,012 per ton. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Ecuador ($1,943 per ton), while the average price for exports to Morocco ($210 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 Cote d'Ivoire (+28.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Petroleum Gases and Other Gaseous Hydrocarbons in Venezuela

In 2022, imports of petroleum gases and other gaseous hydrocarbonses into Venezuela surged to 106K tons, with an increase of 32% compared with the year before. In general, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 64% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, imports of petroleum gases and other gaseous hydrocarbonses soared to $29M in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.0% 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 +72.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 20%. Imports peaked in 2022 and are likely to see steady growth in the near future.

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

1. Colombia (105.8K tons)

Exports of Petroleum Gases and Other Gaseous Hydrocarbons in Venezuela

In 2022, overseas shipments of petroleum gases and other gaseous hydrocarbonses were finally on the rise to reach 12K tons after two years of decline. In general, exports, however, continue to indicate a precipitous decline.

In value terms, exports of petroleum gases and other gaseous hydrocarbonses stood at $4.9M in 2022. Overall, exports, however, faced a dramatic slump. The smallest decline of -49.9% was in 2020.

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

1. Brazil (8.7K tons)
2. Morocco (3.0K tons)
3. Burkina Faso (0.2K tons)
4. Ecuador (0.2K tons)

Source: IndexBox Market Intelligence Platform