Liquefied Propane Price in Iran - 2022

Liquefied Propane Price in Iran (FOB) - 2022

In 2022, the average liquefied propane export price amounted to $492 per ton, therefore, remained relatively stable against the previous year. In general, the export price, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2017 an increase of 25% against the previous year. The export price peaked at $916 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($1,801 per ton), while the average price for exports to Egypt ($103 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 Japan (+7.9%), while the prices for the other major destinations experienced a decline.

Liquefied Propane Price in Iran (CIF) - 2022

In 2022, the average liquefied propane import price amounted to $9,488 per ton, standing approx. at the previous year. In general, the import price, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 88% against the previous year. Over the period under review, average import prices reached the peak figure at $42,543 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Kazakhstan ($1,888 per ton), while the price for the United Arab Emirates stood at $907 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+12.6%).

Liquefied Propane Exports in Iran

Liquefied propane exports from Iran shrank to 3.6M tons in 2022, which is down by -6.2% compared with 2021. The total export volume increased at an average annual rate of +2.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 14%. As a result, the exports reached the peak of 3.9M tons, and then shrank in the following year.

In value terms, liquefied propane exports reduced to $1.8B in 2022. The total export value increased at an average annual rate of +1.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 14% against the previous year. As a result, the exports attained the peak of $1.9B, and then contracted in the following year.

Export of Liquefied Propane in Iran (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	987	989	1,182	13.7	-76.0%
Japan	417	411	442	5.4	-76.5%
Thailand	43.1	46.5	54.8	0.7	-74.7%
Indonesia	55.6	51.2	51.5	0.6	-77.9%
Iraq	41.3	40.8	44.0	0.5	-77.0%
United Arab Emirates	24.6	27.2	39.4	0.5	-72.7%
Taiwan (Chinese)	44.2	39.1	37.8	0.4	-79.2%
India	35.9	26.9	22.0	0.2	-82.3%
Others	61.6	42.9	34.7	1,769	206.2%
Total	1,710	1,675	1,908	1,791	1.6%

Top Export Markets for Liquefied Propane from Iran in 2022:

China (25.6K tons)
Japan (3.0K tons)
Iraq (1.4K tons)
Thailand (1.2K tons)
United Arab Emirates (1.1K tons)
Indonesia (0.9K tons)
Taiwan (Chinese) (0.8K tons)
India (0.2K tons)

Liquefied Propane Imports in Iran

In 2022, liquefied propane imports into Iran was estimated at 114 tons, growing by 11% against the year before. The total import volume increased at an average annual rate of +11.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 11%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, liquefied propane imports rose significantly to $1.1M in 2022. The total import value increased at an average annual rate of +12.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 12% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in years to come.

Import of Liquefied Propane in Iran (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Kazakhstan	42.9	48.5	46.0	47.4	3.4%
United Arab Emirates	1.1	1.1	0.9	0.8	-10.1%
Others	718	806	914	1,030	12.8%
Total	762	855	961	1,079	12.3%