Liquefied Propane Price in Malaysia - 2021
Contents:
- Liquefied Propane Price in Malaysia (FOB) - 2022
- Liquefied Propane Price in Malaysia (CIF) - 2022
- Liquefied Propane Exports in Malaysia
- Liquefied Propane Imports in Malaysia
Liquefied Propane Price in Malaysia (FOB) - 2022
The average liquefied propane export price stood at $570 per ton in 2022, therefore, remained relatively stable against the previous year. In general, the export price showed a perceptible setback. The most prominent rate of growth was recorded in 2017 an increase of 40%. The export price peaked at $919 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 ($914 per ton), while the average price for exports to India ($436 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 (-0.2%), while the prices for the other major destinations experienced a decline.
Liquefied Propane Price in Malaysia (CIF) - 2022
The average liquefied propane import price stood at $564 per ton in 2022, approximately mirroring the previous year. In general, the import price continues to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2016 an increase of 52% against the previous year. As a result, import price reached the peak level of $1,073 per ton. From 2017 to 2022, the average 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 Thailand ($2,871 per ton), while the price for Indonesia ($338 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+0.6%), while the prices for the other major suppliers experienced a decline.
Liquefied Propane Exports in Malaysia
In 2022, the amount of liquefied propanes exported from Malaysia shrank sharply to 166K tons, which is down by -39.8% against 2021. Over the period under review, exports, however, saw a prominent increase. The growth pace was the most rapid in 2021 when exports increased by 389% against the previous year. As a result, the exports reached the peak of 275K tons, and then shrank significantly in the following year.
In value terms, liquefied propane exports declined rapidly to $95M in 2022. In general, exports, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2021 when exports increased by 410%. As a result, the exports reached the peak of $158M, and then contracted notably in the following year.
| Export of Liquefied Propane in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 34.8 | 5.3 | 74.6 | 39.3 | 4.1% |
| Taiwan (Chinese) | 3.5 | 6.1 | 22.9 | 15.4 | 63.9% |
| South Korea | 3.3 | 0.7 | 13.5 | 9.1 | 40.2% |
| India | 0.3 | 3.5 | 13.2 | 8.9 | 209.6% |
| Japan | 10.9 | 5.5 | 10.5 | 6.0 | -18.0% |
| Indonesia | 7.5 | 4.2 | 8.6 | 5.8 | -8.2% |
| Philippines | 3.5 | 2.1 | 6.3 | 4.2 | 6.3% |
| Others | 5.8 | 3.5 | 8.3 | 5.9 | 0.6% |
| Total | 69.5 | 31.0 | 158 | 94.5 | 10.8% |
Top Export Markets for Liquefied Propane from Malaysia in 2022:
- China (67.4K tons)
- Taiwan (Chinese) (29.2K tons)
- India (20.4K tons)
- South Korea (14.9K tons)
- Indonesia (11.5K tons)
- Philippines (8.4K tons)
- Japan (6.5K tons)
Liquefied Propane Imports in Malaysia
In 2022, purchases abroad of liquefied propanes decreased by -15.9% to 1.1K tons, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a dramatic setback. The most prominent rate of growth was recorded in 2020 with an increase of 12% against the previous year. As a result, imports attained the peak of 20K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, liquefied propane imports dropped notably to $601K in 2022. Over the period under review, imports recorded a sharp slump. The smallest decline of -5.3% was in 2020.
| Import of Liquefied Propane in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | 6.1 | 2.0 | 0.5 | 0.4 | -59.7% |
| Australia | 0.8 | 0.2 | 0.1 | 0.1 | -50.0% |
| Thailand | 0.9 | 0.3 | N/A | N/A | -66.7% |
| United Arab Emirates | N/A | 5.5 | N/A | N/A | 0% |
| Others | 1.1 | 0.5 | 0.1 | 0.1 | -55.0% |
| Total | 9.0 | 8.5 | 0.7 | 0.6 | -59.5% |
Top Suppliers of Liquefied Propane to Malaysia in 2022:
- Qatar (918.5 tons)
- Australia (91.6 tons)
- Thailand (17.3 tons)
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