Liquefied Propane Price in Argentina - 2023

Contents:

1. Liquefied Propane Price in Argentina (FOB) - 2022
2. Liquefied Propane Price in Argentina (CIF) - 2022
3. Liquefied Propane Exports in Argentina
4. Liquefied Propane Imports in Argentina

Liquefied Propane Price in Argentina (FOB) - 2022

In 2022, the average liquefied propane export price amounted to $128 per ton, reducing by -79.7% against the previous year. Overall, the export price faced a deep setback. The pace of growth was the most pronounced in 2017 when the average export price increased by 51%. The export price peaked at $752 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($140 per ton), while the average price for exports to Brazil ($125 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 the Netherlands (+2.2%), while the prices for the other major destinations experienced a decline.

Liquefied Propane Price in Argentina (CIF) - 2022

The average liquefied propane import price stood at $649 per ton in 2022, with a decrease of -2.3% against the previous year. Overall, the import price saw a pronounced decrease. The pace of growth was the most pronounced in 2019 an increase of 1,303% against the previous year. As a result, import price reached the peak level of $9,240 per ton. From 2020 to 2022, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -2.8% per year.

Liquefied Propane Exports in Argentina

In 2022, after two years of decline, there was significant growth in shipments abroad of liquefied propanes, when their volume increased by 328% to 320K tons. Overall, exports, however, saw a abrupt descent.

In value terms, liquefied propane exports contracted to $41M in 2022. In general, exports, however, saw a sharp decrease. The growth pace was the most rapid in 2020 with an increase of 4.7%. As a result, the exports attained the peak of $224M. From 2021 to 2022, the growth of the exports failed to regain momentum.

Top Export Markets for Liquefied Propane from Argentina in 2022:

1. Brazil (253.9K tons)
2. Chile (57.5K tons)
3. Uruguay (6.0K tons)

Liquefied Propane Imports in Argentina

In 2022, approx. 10K tons of liquefied propanes were imported into Argentina; growing by 4.5% on 2021. Over the period under review, imports showed a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 1,328% against the previous year. As a result, imports reached the peak of 11K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, liquefied propane imports rose to $6.6M in 2022. In general, imports, however, showed a mild setback.

Top Suppliers of Liquefied Propane to Argentina in 2022:

1. China (undefinedK tons)
2. United States (10.2K tons)

Source: IndexBox Market Intelligence Platform