Liquefied Propane Price in Italy - 2023

Liquefied Propane Price in Italy (CIF) - 2023

In August 2023, the average liquefied propane import price amounted to $540 per ton, increasing by 10% against the previous month. Overall, the import price, however, saw a noticeable decline. The most prominent rate of growth was recorded in February 2023 an increase of 11% m-o-m. The import price peaked at $724 per ton in March 2023; however, from April 2023 to August 2023, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In August 2023, the highest price was recorded for prices from France ($604 per ton) and Algeria ($532 per ton), while the price for Libya ($522 per ton) and Egypt ($523 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 the United States (+1.8%), while the prices for the other major suppliers experienced a decline.

Liquefied Propane Price in Italy (FOB) - 2022

In 2022, the average liquefied propane export price amounted to $954 per ton, rising by 32% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. 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 Croatia ($1,616 per ton), while the average price for exports to Tunisia ($375 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 Gibraltar (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.

Liquefied Propane Imports in Italy

In 2022, liquefied propane imports into Italy expanded significantly to 2.3M tons, picking up by 5.6% on 2021. The total import volume increased at an average annual rate of +1.6% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, liquefied propane imports surged to $1.7B in 2022. Over the period under review, imports posted a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 58% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Import of Liquefied Propane in Italy (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Algeria	438	385	722	866	25.5%
France	171	134	244	299	20.5%
Libya	149	95.3	144	181	6.7%
Egypt	104	45.5	97.1	127	6.9%
United States	22.2	37.6	82.9	116	73.5%
Norway	27.3	24.1	32.0	46.8	19.7%
Others	49.3	210	149	94.3	24.1%
Total	961	932	1,471	1,730	21.6%

Top Suppliers of Liquefied Propane to Italy in 2022:

Algeria (1181.0K tons)
France (381.0K tons)
Libya (243.7K tons)
United States (171.5K tons)
Egypt (164.0K tons)
Norway (62.3K tons)

Liquefied Propane Exports in Italy

In 2022, the amount of liquefied propanes exported from Italy expanded significantly to 26K tons, increasing by 6.1% on the previous year's figure. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +75.9% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 36% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, liquefied propane exports surged to $25M in 2022. Overall, exports enjoyed a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 70% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

Export of Liquefied Propane in Italy (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Slovenia	1.7	2.2	3.3	5.8	50.5%
Malta	3.0	2.5	4.2	5.3	20.9%
Croatia	0.9	0.4	1.6	3.6	58.7%
Austria	N/A	N/A	N/A	1.8	0%
Albania	0.7	1.2	1.9	1.2	19.7%
Turkey	0.5	0.6	2.0	1.1	30.1%
Gibraltar	N/A	0.2	0.3	1.1	134.5%
Others	2.7	3.3	4.2	4.8	21.1%
Total	9.5	10.3	17.6	24.7	37.5%