Liquefied Butanes Price in China - 2023

Contents:

1. Liquefied Butanes Price in China (CIF) - 2023
2. Liquefied Butanes Price in China (FOB) - 2023
3. Liquefied Butanes Imports in China
4. Liquefied Butanes Exports in China

Liquefied Butanes Price in China (CIF) - 2023

In September 2023, the average liquefied butanes import price amounted to $594 per ton, increasing by 15% against the previous month. In general, the import price, however, continues to indicate a mild downturn. The pace of growth appeared the most rapid in August 2023 an increase of 20% m-o-m. Over the period under review, average import prices reached the maximum at $765 per ton in February 2023; however, from March 2023 to September 2023, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In September 2023, the highest price was recorded for prices from Kuwait ($715 per ton) and Australia ($647 per ton), while the price for the United States ($550 per ton) and Malaysia ($580 per ton) were amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Kuwait (+0.1%), while the prices for the other major suppliers experienced a decline.

Liquefied Butanes Price in China (FOB) - 2023

In September 2023, the average liquefied butanes export price amounted to $635 per ton, rising by 20% against the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 an increase of 20% against the previous month. As a result, the export price reached the peak level of $805 per ton. From March 2023 to September 2023, the the average export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In September 2023, the country with the highest price was the Philippines ($622 per ton), while the average price for exports to Vietnam ($588 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (0.0%), while the prices for the other major destinations experienced a decline.

Liquefied Butanes Imports in China

In 2022, the amount of liquefied butaneses imported into China rose remarkably to 5.8M tons, growing by 10% compared with the previous year's figure. The total import volume increased at an average annual rate of +1.6% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, liquefied butanes imports surged to $4.4B in 2022. In general, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by 79%. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Liquefied Butanes to China in 2022:

1. United Arab Emirates (2083.3K tons)
2. Oman (1157.7K tons)
3. United States (648.3K tons)
4. Qatar (442.0K tons)
5. Saudi Arabia (430.0K tons)
6. Australia (254.1K tons)
7. Algeria (209.8K tons)
8. Kuwait (153.5K tons)
9. Malaysia (126.1K tons)
10. Angola (102.3K tons)
11. Indonesia (42.6K tons)

Liquefied Butanes Exports in China

In 2022, approx. 527K tons of liquefied butaneses were exported from China; with a decrease of -10.4% against 2021. Overall, exports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 5.9% against the previous year.

In value terms, liquefied butanes exports rose sharply to $416M in 2022. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 51% against the previous year.

Top Export Markets for Liquefied Butanes from China in 2022:

1. Vietnam (154.7K tons)
2. Philippines (110.7K tons)
3. Bangladesh (6.4K tons)

Source: IndexBox Market Intelligence Platform