Liquefied Propane Price in Libya - 2022

Contents:

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

Liquefied Propane Price in Libya (FOB) - 2022

In 2022, the average liquefied propane export price amounted to $739 per ton, picking up by 81% against the previous year. In general, the export price, however, saw a noticeable shrinkage. The export price peaked at $943 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Lebanon ($481 per ton), while the average price for exports to France ($162 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 Lebanon (-7.7%), while the prices for the other major destinations experienced a decline.

Liquefied Propane Price in Libya (CIF) - 2022

In 2022, the average liquefied propane import price amounted to $2,308 per ton, picking up by 11% against the previous year. In general, the import price posted a significant expansion. The pace of growth appeared the most rapid in 2016 an increase of 18,118%. The import price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($1,825 per ton), while the price for France ($1,192 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+2.9%), while the prices for the other major suppliers experienced a decline.

Liquefied Propane Exports in Libya

In 2022, the amount of liquefied propanes exported from Libya fell markedly to 248K tons, which is down by -21.8% on 2021. Over the period under review, exports showed a abrupt contraction. The pace of growth was the most pronounced in 2021 when exports increased by 18% against the previous year.

In value terms, liquefied propane exports surged to $183M in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +5.2% 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 +79.2% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Liquefied Propane from Libya in 2022:

1. Italy (265.0K tons)
2. France (13.7K tons)
3. Spain (7.5K tons)
4. Lebanon (1.8K tons)

Liquefied Propane Imports in Libya

In 2022, the amount of liquefied propanes imported into Libya contracted to 960 kg, waning by -13.8% on the year before. Over the period under review, imports recorded a deep reduction. The smallest decline of -13.8% was in 2021.

In value terms, liquefied propane imports declined slightly to $2.2K in 2022. In general, imports saw a perceptible decline. The pace of growth was the most pronounced in 2021 when imports increased by 9.3% against the previous year.

Top Suppliers of Liquefied Propane to Libya in 2022:

1. France (533.0 kg)
2. United Kingdom (291.0 kg)
3. Malta (35.0 kg)

Source: IndexBox Market Intelligence Platform