Liquefied Propane Price in Chile - 2023

Contents:

1. Liquefied Propane Price in Chile (CIF) - 2023
2. Liquefied Propane Price in Chile (FOB) - 2022
3. Liquefied Propane Imports in Chile
4. Liquefied Propane Exports in Chile

Liquefied Propane Price in Chile (CIF) - 2023

The average liquefied propane import price stood at $486 per ton in September 2023, growing by 7% against the previous month. Overall, the import price, however, continues to indicate a perceptible decline. The pace of growth appeared the most rapid in March 2023 an increase of 9.7% month-to-month. Over the period under review, average import prices hit record highs at $703 per ton in September 2022; however, from October 2022 to September 2023, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was Argentina ($561 per ton), while the price for the United States totaled $482 per ton.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Argentina (-2.7%).

Liquefied Propane Price in Chile (FOB) - 2022

In 2022, the average liquefied propane export price amounted to $677 per ton, surging by 12% against the previous year. Over the period under review, the export price, however, showed a perceptible decrease. The most prominent rate of growth was recorded in 2017 an increase of 38%. Over the period under review, the average export prices reached the maximum at $898 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Anguilla ($741 per ton) and Brazil ($701 per ton), while the average price for exports to South Africa ($627 per ton) and Colombia ($634 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+16.2%), while the prices for the other major destinations experienced more modest paces of growth.

Liquefied Propane Imports in Chile

Liquefied propane imports into Chile surged to 1.3M tons in 2022, jumping by 16% on 2021. The total import volume increased at an average annual rate of +14.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 26% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, liquefied propane imports surged to $949M in 2022. Over the period under review, imports posted significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 89% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

Top Suppliers of Liquefied Propane to Chile in 2022:

1. United States (1140.7K tons)
2. Argentina (117.9K tons)

Liquefied Propane Exports in Chile

For the fourth consecutive year, Chile recorded growth in overseas shipments of liquefied propanes, which increased by 30% to 122K tons in 2022. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 7,983% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, liquefied propane exports soared to $83M in 2022. Over the period under review, exports saw a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 8,754% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Liquefied Propane from Chile in 2022:

1. Peru (46.8K tons)
2. South Africa (23.0K tons)
3. Dominican Republic (18.2K tons)
4. Anguilla (12.5K tons)
5. Colombia (7.9K tons)
6. Brazil (7.8K tons)
7. Uruguay (3.5K tons)

Source: IndexBox Market Intelligence Platform