Liquefied Butanes Price in South Africa - 2023

Contents:

1. Liquefied Butanes Price in South Africa (FOB) - 2023
2. Liquefied Butanes Price in South Africa (CIF) - 2022
3. Liquefied Butanes Exports in South Africa
4. Liquefied Butanes Imports in South Africa

Liquefied Butanes Price in South Africa (FOB) - 2023

In September 2023, the average liquefied butanes export price amounted to $677 per ton, increasing by 14% against the previous month. Over the period under review, the export price, however, saw a noticeable descent. The most prominent rate of growth was recorded in March 2023 an increase of 23% against the previous month. As a result, the export price reached the peak level of $994 per ton. From April 2023 to September 2023, the the average export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In September 2023, the countries with the highest prices were Lesotho ($894 per ton) and Swaziland ($868 per ton), while the average price for exports to Zimbabwe ($649 per ton) and Botswana ($661 per ton) were amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Namibia (-0.6%), while the prices for the other major destinations experienced a decline.

Liquefied Butanes Price in South Africa (CIF) - 2022

In 2022, the average liquefied butanes import price amounted to $749 per ton, jumping by 24% against the previous year. Over the period under review, the import price, however, continues to indicate a slight contraction. The growth pace was the most rapid in 2021 when the average import price increased by 31%. The import price peaked at $868 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Nigeria ($759 per ton), while the price for the United States stood at $736 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Trinidad and Tobago (+51.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Liquefied Butanes Exports in South Africa

In 2022, approx. 103K tons of liquefied butaneses were exported from South Africa; growing by 38% against the year before. Overall, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +19.9% 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 +72.2% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, liquefied butanes exports surged to $97M in 2022. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 55% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Liquefied Butanes from South Africa in 2022:

1. Zimbabwe (55.9K tons)
2. Botswana (24.0K tons)
3. Namibia (11.3K tons)
4. Lesotho (6.3K tons)
5. Swaziland (2.5K tons)

Liquefied Butanes Imports in South Africa

Liquefied butanes imports into South Africa surged to 121K tons in 2022, rising by 21% compared with 2021. In general, imports showed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 401% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, liquefied butanes imports skyrocketed to $90M in 2022. Over the period under review, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 558%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Top Suppliers of Liquefied Butanes to South Africa in 2022:

1. United States (112.4K tons)
2. Nigeria (6.0K tons)

Source: IndexBox Market Intelligence Platform