Liquefied Propane Price in Hungary - 2023

Liquefied Propane Price in Hungary (CIF) - 2023

In August 2023, the average liquefied propane import price amounted to $773 per ton, growing by 7.1% against the previous month. In general, the import price, however, recorded a mild contraction. The pace of growth was the most pronounced in February 2023 when the average import price increased by 16% m-o-m. As a result, import price attained the peak level of $959 per ton. From March 2023 to August 2023, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In August 2023, the highest price was recorded for prices from Slovakia ($842 per ton) and Austria ($832 per ton), while the price for Russia ($576 per ton) and Germany ($577 per ton) were amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by France (+1.0%), while the prices for the other major suppliers experienced a decline.

Liquefied Propane Price in Hungary (FOB) - 2022

In 2022, the average liquefied propane export price amounted to $796 per ton, surging by 19% against the previous year. Over the period under review, the export price, however, showed a noticeable slump. The pace of growth was the most pronounced in 2021 an increase of 43% against the previous year. Over the period under review, the average export prices reached the maximum at $1,007 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Slovenia ($875 per ton) and Croatia ($841 per ton), while the average price for exports to Serbia ($689 per ton) and Poland ($719 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+31.0%), while the prices for the other major destinations experienced mixed trend patterns.

Liquefied Propane Imports in Hungary

In 2022, liquefied propane imports into Hungary shrank notably to 146K tons, waning by -25.2% against 2021 figures. Overall, imports recorded a abrupt decline. The growth pace was the most rapid in 2021 with an increase of 6.7% against the previous year.

In value terms, liquefied propane imports dropped to $128M in 2022. Over the period under review, total imports indicated a tangible increase from 2019 to 2022: its value increased at an average annual rate of +3.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.9% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 65%. As a result, imports reached the peak of $139M, and then fell in the following year.

Import of Liquefied Propane in Hungary (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Austria	35.0	24.0	38.1	41.8	6.1%
Poland	31.3	15.8	11.2	28.1	-3.5%
Belgium	N/A	1.7	11.0	11.8	163.5%
Russia	29.4	17.1	26.9	11.8	-26.2%
France	1.0	4.4	8.0	9.2	109.5%
Netherlands	N/A	0.9	7.8	7.5	188.7%
Kazakhstan	10.8	13.9	22.8	5.8	-18.7%
Others	6.9	6.6	13.6	12.2	20.9%
Total	114	84.4	139	128	3.9%

Top Suppliers of Liquefied Propane to Hungary in 2022:

Austria (43.2K tons)
Poland (30.5K tons)
Russia (14.9K tons)
Belgium (14.1K tons)
France (11.7K tons)
Kazakhstan (8.8K tons)
Netherlands (8.1K tons)

Liquefied Propane Exports in Hungary

Liquefied propane exports from Hungary fell remarkably to 34K tons in 2022, waning by -28.6% against the previous year's figure. In general, exports faced a abrupt descent. The pace of growth appeared the most rapid in 2021 with an increase of 12%.

In value terms, liquefied propane exports reduced to $27M in 2022. Over the period under review, total exports indicated mild growth from 2019 to 2022: its value increased at an average annual rate of +1.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +36.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 60% against the previous year. As a result, the exports reached the peak of $32M, and then dropped in the following year.

Export of Liquefied Propane in Hungary (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Romania	7.3	6.7	11.9	11.7	17.0%
Serbia	5.2	3.9	4.7	4.4	-5.4%
Croatia	9.0	5.5	6.5	4.4	-21.2%
Slovenia	2.3	2.1	2.7	3.5	15.0%
Poland	N/A	N/A	5.5	2.3	-58.2%
Slovakia	0.5	0.5	N/A	0.4	-7.2%
Bulgaria	0.5	0.7	0.1	N/A	-55.3%
Others	1.1	0.3	0.1	0.1	-55.0%
Total	25.9	19.7	31.5	26.8	1.1%