Liquefied Propane Price in Egypt - 2022

Contents:

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

Liquefied Propane Price in Egypt (FOB) - 2022

In 2022, the average liquefied propane export price amounted to $1,209 per ton, with an increase of 88% against the previous year. Overall, the export price showed a temperate expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($1,720 per ton), while the average price for exports to Italy ($1,030 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 Albania (+99.5%), while the prices for the other major destinations experienced more modest paces of growth.

Liquefied Propane Price in Egypt (CIF) - 2022

In 2022, the average liquefied propane import price amounted to $478 per ton, growing by 4.8% against the previous year. In general, the import price, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2017 an increase of 36%. The import price peaked at $829 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +13.3% per year.

Liquefied Propane Exports in Egypt

In 2022, exports of liquefied propanes from Egypt contracted to 162K tons, which is down by -13.2% compared with 2021 figures. Over the period under review, exports continue to indicate a precipitous decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 36%.

In value terms, liquefied propane exports skyrocketed to $196M in 2022. In general, exports, however, posted a strong increase. The pace of growth was the most pronounced in 2021 when exports increased by 102%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Top Export Markets for Liquefied Propane from Egypt in 2022:

1. Italy (119.8K tons)
2. Romania (17.7K tons)
3. Albania (9.6K tons)
4. Bulgaria (9.3K tons)

Liquefied Propane Imports in Egypt

In 2022, the amount of liquefied propanes imported into Egypt fell sharply to 83K tons, waning by -27.7% on 2021. Over the period under review, imports showed a sharp decline. The growth pace was the most rapid in 2021 when imports increased by 124%.

In value terms, liquefied propane imports dropped significantly to $40M in 2022. In general, imports showed a precipitous curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 94%.

Top Suppliers of Liquefied Propane to Egypt in 2022:

1. United States (83.1K tons)

Source: IndexBox Market Intelligence Platform