Liquefied Propane Price in Luxembourg - 2023

Contents:

1. Liquefied Propane Price in Luxembourg (CIF) - 2023
2. Liquefied Propane Price in Luxembourg (FOB) - 2022
3. Liquefied Propane Imports in Luxembourg
4. Liquefied Propane Exports in Luxembourg

Liquefied Propane Price in Luxembourg (CIF) - 2023

The average liquefied propane import price stood at $707 per ton in July 2023, with a decrease of -15.4% against the previous month. Over the period under review, the import price saw a mild setback. The most prominent rate of growth was recorded in February 2023 an increase of 38% month-to-month. As a result, import price reached the peak level of $1,075 per ton. From March 2023 to July 2023, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was Germany ($705 per ton), while the price for Belgium stood at $569 per ton.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Belgium (-2.8%).

Liquefied Propane Price in Luxembourg (FOB) - 2022

In 2022, the average liquefied propane export price amounted to $2,464 per ton, with an increase of 270% against the previous year. Overall, the export price enjoyed a prominent increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($2,804 per ton), while the average price for exports to France ($1,943 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 France (+6.8%), while the prices for the other major destinations experienced mixed trend patterns.

Liquefied Propane Imports in Luxembourg

Liquefied propane imports into Luxembourg declined notably to 7.9K tons in 2022, waning by -27.3% compared with 2021 figures. Over the period under review, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 22%. As a result, imports reached the peak of 11K tons, and then declined sharply in the following year.

In value terms, liquefied propane imports declined notably to $6.4M in 2022. Overall, imports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 95%. As a result, imports reached the peak of $7.7M, and then fell remarkably in the following year.

Top Suppliers of Liquefied Propane to Luxembourg in 2022:

1. Belgium (7.7K tons)
2. Germany (0.1K tons)

Liquefied Propane Exports in Luxembourg

In 2022, exports of liquefied propanes from Luxembourg reduced notably to 4.3 tons, which is down by -64.5% on 2021 figures. In general, exports faced a dramatic curtailment. The smallest decline of -42.6% was in 2020.

In value terms, liquefied propane exports skyrocketed to $10K in 2022. Over the period under review, exports continue to indicate a dramatic decline.

Top Export Markets for Liquefied Propane from Luxembourg in 2022:

1. Germany (1.9 tons)
2. France (1.3 tons)
3. Belgium (1.1 tons)

Source: IndexBox Market Intelligence Platform