Liquefied Propane Price in Bulgaria - 2023

Contents:

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

Liquefied Propane Price in Bulgaria (CIF) - 2022

In 2022, the average liquefied propane import price amounted to $762 per ton, increasing by 15% against the previous year. In general, the import price, however, recorded a slight descent. The growth pace was the most rapid in 2021 when the average import price increased by 64% against the previous year. The import price peaked at $841 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Switzerland ($830 per ton) and Albania ($802 per ton), while the price for Russia ($712 per ton) and Egypt ($754 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Georgia (+16.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Liquefied Propane Price in Bulgaria (FOB) - 2022

In 2022, the average liquefied propane export price amounted to $159 per ton, which is down by -74.8% against the previous year. Overall, the export price saw a abrupt decline. The most prominent rate of growth was recorded in 2021 an increase of 45% against the previous year. Over the period under review, the average export prices attained the peak figure at $998 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($168 per ton), while the average price for exports to Serbia ($140 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 Serbia (-17.0%).

Liquefied Propane Imports in Bulgaria

In 2022, purchases abroad of liquefied propanes decreased by -41.3% to 95K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports faced a deep contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 8.7% against the previous year. As a result, imports attained the peak of 195K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, liquefied propane imports reduced rapidly to $72M in 2022. Overall, imports recorded a mild descent. The growth pace was the most rapid in 2021 with an increase of 35% against the previous year. As a result, imports reached the peak of $107M, and then contracted significantly in the following year.

Top Suppliers of Liquefied Propane to Bulgaria in 2022:

1. Russia (26.4K tons)
2. Turkey (19.4K tons)
3. Egypt (17.2K tons)
4. Switzerland (9.0K tons)
5. Albania (8.7K tons)
6. Romania (3.3K tons)
7. Georgia (2.4K tons)

Liquefied Propane Exports in Bulgaria

In 2022, overseas shipments of liquefied propanes increased by 15% to 9.7K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a precipitous decline.

In value terms, liquefied propane exports contracted rapidly to $1.6M in 2022. Overall, exports, however, recorded a dramatic descent. The most prominent rate of growth was recorded in 2021 when exports increased by 5% against the previous year.

Top Export Markets for Liquefied Propane from Bulgaria in 2022:

1. Serbia (4.4K tons)
2. Ukraine (4.3K tons)
3. North Macedonia (1.0K tons)

Source: IndexBox Market Intelligence Platform