Liquefied Propane Price in Denmark - 2023

Contents:

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

Liquefied Propane Price in Denmark (CIF) - 2022

In 2022, the average liquefied propane import price amounted to $791 per ton, rising by 2.2% against the previous year. Over the period under review, the import price, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2018 when the average import price increased by 92%. Over the period under review, average import prices hit record highs at $1,570 per ton in 2019; however, from 2020 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 Poland ($7,209 per ton), while the price for Sweden ($735 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+18.0%), while the prices for the other major suppliers experienced a decline.

Liquefied Propane Price in Denmark (FOB) - 2022

The average liquefied propane export price stood at $620 per ton in 2022, remaining stable against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible slump. The growth pace was the most rapid in 2017 an increase of 88%. As a result, the export price attained the peak level of $1,411 per ton. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ireland ($2,649 per ton), while the average price for exports to Italy ($81 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 Ireland (+18.2%), while the prices for the other major destinations experienced mixed trend patterns.

Liquefied Propane Imports in Denmark

Liquefied propane imports into Denmark soared to 45K tons in 2022, increasing by 117% compared with the previous year's figure. In general, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 153% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, liquefied propane imports soared to $35M in 2022. Over the period under review, imports recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 136% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Liquefied Propane to Denmark in 2022:

1. Sweden (14.4K tons)
2. United Kingdom (11.2K tons)
3. Netherlands (6.5K tons)
4. Norway (6.2K tons)
5. Belgium (3.3K tons)
6. Germany (3.0K tons)
7. France (0.2K tons)

Liquefied Propane Exports in Denmark

In 2022, after two years of decline, there was significant decline in overseas shipments of liquefied propanes, when their volume decreased by -50% to 3.6K tons. Overall, exports continue to indicate a dramatic shrinkage.

In value terms, liquefied propane exports reduced markedly to $2.2M in 2022. Over the period under review, exports faced a sharp curtailment.

Top Export Markets for Liquefied Propane from Denmark in 2022:

1. Germany (1573.8 tons)
2. Iceland (1426.5 tons)
3. Netherlands (470.9 tons)
4. Italy (67.0 tons)

Source: IndexBox Market Intelligence Platform