Liquefied Propane Price in Colombia - 2022

Contents:

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

Liquefied Propane Price in Colombia (CIF) - 2022

In 2022, the average liquefied propane import price amounted to $512 per ton, declining by -15.5% against the previous year. In general, the import price saw a pronounced decrease. The pace of growth appeared the most rapid in 2021 when the average import price increased by 68% against the previous year. Over the period under review, average import prices reached the peak figure at $790 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Trinidad and Tobago ($702 per ton), while the price for the United States ($454 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Free Zones (+0.2%), while the prices for the other major suppliers experienced a decline.

Liquefied Propane Price in Colombia (FOB) - 2022

The average liquefied propane export price stood at $473 per ton in 2022, almost unchanged from the previous year. Overall, the export price, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2020 when the average export price increased by less than 0.1% against the previous year. Over the period under review, the average export prices attained the peak figure at $627 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($1,596 per ton), while the average price for exports to Panama ($84 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 United States (+7.2%), while the prices for the other major destinations experienced mixed trend patterns.

Liquefied Propane Imports in Colombia

In 2022, after three years of growth, there was significant decline in supplies from abroad of liquefied propanes, when their volume decreased by -19.2% to 22K tons. Over the period under review, imports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 62% against the previous year. As a result, imports reached the peak of 28K tons, and then shrank remarkably in the following year.

In value terms, liquefied propane imports dropped remarkably to $12M in 2022. In general, imports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 173%. As a result, imports attained the peak of $17M, and then reduced dramatically in the following year.

Top Suppliers of Liquefied Propane to Colombia in 2022:

1. United States (11.9K tons)
2. Dominican Republic (3.7K tons)
3. Free Zones (3.3K tons)
4. Chile (3.0K tons)
5. Trinidad and Tobago (0.6K tons)

Liquefied Propane Exports in Colombia

In 2022, exports of liquefied propanes from Colombia fell to 356 tons, which is down by -13.4% on 2021. Overall, exports saw a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of 37% against the previous year.

In value terms, liquefied propane exports declined to $168K in 2022. Over the period under review, exports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 37%.

Top Export Markets for Liquefied Propane from Colombia in 2022:

1. Dominican Republic (261.0 tons)
2. Panama (80.9 tons)
3. United States (11.8 tons)

Source: IndexBox Market Intelligence Platform