Liquefied Propane Price in Brazil - 2023

Contents:

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

Liquefied Propane Price in Brazil (CIF) - 2022

In 2022, the average liquefied propane import price amounted to $825 per ton, increasing by 309% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Saudi Arabia ($1,391 per ton), while the price for Nigeria ($136 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+5.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Liquefied Propane Price in Brazil (FOB) - 2022

The average liquefied propane export price stood at $9,895 per ton in 2022, growing by 490% against the previous year. Overall, the export price posted a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uruguay ($9,963 per ton), while the average price for exports to Paraguay amounted to $5,414 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay (+26.1%).

Liquefied Propane Imports in Brazil

In 2022, approx. 1.2M tons of liquefied propanes were imported into Brazil; falling by -73.2% against 2021 figures. Overall, imports showed a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of 185%. As a result, imports reached the peak of 4.5M tons, and then contracted significantly in the following year.

In value terms, liquefied propane imports expanded notably to $990M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +12.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +88.8% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 72%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Top Suppliers of Liquefied Propane to Brazil in 2022:

1. United States (509.3K tons)
2. Argentina (184.8K tons)
3. Saudi Arabia (181.1K tons)
4. United Arab Emirates (154.1K tons)
5. Qatar (87.3K tons)
6. Algeria (42.2K tons)

Liquefied Propane Exports in Brazil

In 2022, overseas shipments of liquefied propanes decreased by -93.2% to 76 kg, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a significant decline. The most prominent rate of growth was recorded in 2020 when exports increased by 18% against the previous year. As a result, the exports attained the peak of 21K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, liquefied propane exports dropped sharply to $752 in 2022. Overall, exports faced a precipitous contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 12% against the previous year. As a result, the exports reached the peak of $13M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Top Export Markets for Liquefied Propane from Brazil in 2022:

1. Uruguay (74.0 kg)
2. Paraguay (2.0 kg)

Source: IndexBox Market Intelligence Platform