Liquefied Propane Price in Finland - 2023

Contents:

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

Liquefied Propane Price in Finland (CIF) - 2023

The average liquefied propane import price stood at $517 per ton in August 2023, picking up by 8.6% against the previous month. Over the period under review, the import price, however, showed a mild slump. The most prominent rate of growth was recorded in February 2023 an increase of 3,623% m-o-m. The import price peaked at $42,775 per ton in March 2023; however, from April 2023 to August 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Sweden ($4,023 per ton), while the price for Norway ($507 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Sweden (+0.3%), while the prices for the other major suppliers experienced a decline.

Liquefied Propane Price in Finland (FOB) - 2023

The average liquefied propane export price stood at $597 per ton in July 2023, with a decrease of -1.7% against the previous month. Over the period under review, the export price recorded a noticeable descent. The pace of growth appeared the most rapid in February 2023 an increase of 9.2% m-o-m. Over the period under review, the average export prices reached the maximum at $822 per ton in March 2023; however, from April 2023 to July 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Estonia ($7,051 per ton), while the average price for exports to Latvia amounted to $595 per ton.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+20.3%).

Liquefied Propane Imports in Finland

In 2022, imports of liquefied propanes into Finland surged to 305K tons, picking up by 106% compared with 2021. Overall, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 112%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, liquefied propane imports surged to $218M in 2022. In general, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Liquefied Propane to Finland in 2022:

1. United States (146.6K tons)
2. Norway (78.9K tons)
3. Russia (54.3K tons)
4. Kazakhstan (15.4K tons)
5. Sweden (9.4K tons)

Liquefied Propane Exports in Finland

For the fourth consecutive year, Finland recorded growth in overseas shipments of liquefied propanes, which increased by 11% to 3.5K tons in 2022. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 1,037% 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.

In value terms, liquefied propane exports soared to $2.7M in 2022. In general, exports continue to indicate significant growth. The growth pace was the most rapid in 2020 when exports increased by 629%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in years to come.

Top Export Markets for Liquefied Propane from Finland in 2022:

1. Latvia (2.7K tons)
2. Estonia (0.8K tons)

Source: IndexBox Market Intelligence Platform