Liquefied Propane Price in Estonia - 2023

Contents:

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

Liquefied Propane Price in Estonia (CIF) - 2022

In 2022, the average liquefied propane import price amounted to $696 per ton, surging by 8.2% against the previous year. Overall, the import price, however, saw a pronounced curtailment. The most prominent rate of growth was recorded in 2021 when the average import price increased by 31%. Over the period under review, average import prices hit record highs at $898 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 Finland ($759 per ton) and Latvia ($700 per ton), while the price for Kazakhstan ($632 per ton) and Russia ($691 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+1.2%), while the prices for the other major suppliers experienced a decline.

Liquefied Propane Price in Estonia (FOB) - 2022

In 2022, the average liquefied propane export price amounted to $886 per ton, surging by 8.4% against the previous year. Over the period under review, the export price, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2014 when the average export price increased by 98%. As a result, the export price attained the peak level of $2,625 per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Latvia ($956 per ton), while the average price for exports to Lithuania ($644 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 Latvia (-3.0%), while the prices for the other major destinations experienced a decline.

Liquefied Propane Imports in Estonia

Liquefied propane imports into Estonia dropped to 13K tons in 2022, with a decrease of -11.4% against the previous year. The total import volume increased at an average annual rate of +2.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 52% against the previous year. As a result, imports attained the peak of 14K tons, and then declined in the following year.

In value terms, liquefied propane imports fell to $8.7M in 2022. Overall, imports, however, posted prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 99%. As a result, imports reached the peak of $9.1M, and then shrank slightly in the following year.

Top Suppliers of Liquefied Propane to Estonia in 2022:

1. Russia (7.0K tons)
2. Latvia (3.5K tons)
3. Kazakhstan (0.9K tons)
4. Finland (0.8K tons)

Liquefied Propane Exports in Estonia

Liquefied propane exports from Estonia dropped markedly to 309 tons in 2022, declining by -33.2% on 2021. In general, exports faced a sharp contraction. The smallest decline of -7.5% was in 2020.

In value terms, liquefied propane exports shrank rapidly to $273K in 2022. Over the period under review, exports faced a deep setback. The smallest decline of -3.5% was in 2021.

Top Export Markets for Liquefied Propane from Estonia in 2022:

1. Finland (137.6 tons)
2. Latvia (114.0 tons)
3. Lithuania (55.2 tons)

Source: IndexBox Market Intelligence Platform