Liquefied Propane Price in Belarus - 2022

Liquefied Propane Price in Belarus (FOB) - 2022

In April 2021, the average liquefied propane export price amounted to $552 per ton, shrinking by -5% against the previous month. Over the period from January 2021 to April 2021, it increased at an average monthly rate of +6.9%. The growth pace was the most rapid in February 2021 an increase of 20% against the previous month. The export price peaked at $581 per ton in March 2021, and then dropped modestly in the following month.

As there is only one major export destination, the average price level is determined by prices for Ukraine.

From January 2021 to April 2021, the rate of growth in terms of prices for Poland amounted to +14.4% per month.

Liquefied Propane Price in Belarus (CIF) - 2022

The average liquefied propane import price stood at $424 per ton in April 2021, dropping by -13.9% against the previous month. Over the last three-month period, it increased at an average monthly rate of +1.9%. The pace of growth appeared the most rapid in March 2021 when the average import price increased by 16% against the previous month. As a result, import price reached the peak level of $492 per ton, and then dropped in the following month.

Average prices varied noticeably amongst the major supplying countries. In April 2021, the country with the highest price was Poland ($474 per ton), while the price for Russia totaled $408 per ton.

From January 2021 to April 2021, the most notable rate of growth in terms of prices was attained by Poland (+7.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Liquefied Propane Exports in Belarus

Liquefied propane exports from Belarus surged to 104K tons in 2022, growing by 49% against the previous year. Overall, exports recorded strong growth. The pace of growth appeared the most rapid in 2020 when exports increased by 68%. As a result, the exports reached the peak of 137K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, liquefied propane exports stood at $46M in 2022. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +13.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -6.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 55% against the previous year. As a result, the exports reached the peak of $50M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Export of Liquefied Propane in Belarus (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Ukraine	28.6	47.2	34.1	36.8	8.8%
Poland	2.7	1.9	8.5	9.1	49.9%
Others	0.6	0.6	0.4	0.5	-5.9%
Total	32.0	49.7	43.0	46.3	13.1%

Top Export Markets for Liquefied Propane from Belarus in 2022:

Ukraine (86.4K tons)
Poland (16.0K tons)

Liquefied Propane Imports in Belarus

In 2022, the amount of liquefied propanes imported into Belarus rose to 107K tons, picking up by 3.4% on the year before. The total import volume increased at an average annual rate of +3.4% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 3.4% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, liquefied propane imports reduced dramatically to $6.4M in 2022. Overall, imports saw a remarkable increase. The growth pace was the most rapid in 2021 with an increase of 140% against the previous year. As a result, imports reached the peak of $9.1M, and then reduced remarkably in the following year.