Liquefied Propane Price in Qatar - 2023

Contents:

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

Liquefied Propane Price in Qatar (FOB) - 2022

The average liquefied propane export price stood at $814 per ton in December 2022, standing approximately at the previous month. Over the last twelve months, it increased at an average monthly rate of +1.0%. The growth pace was the most rapid in March 2022 an increase of 17% against the previous month. Over the period under review, the average export prices hit record highs at $1,063 per ton in August 2022; however, from September 2022 to December 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In December 2022, the country with the highest price was Belgium ($1,755 per ton), while the average price for exports to Taiwan (Chinese) ($462 per ton) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Liquefied Propane Price in Qatar (CIF) - 2022

The average liquefied propane import price stood at $2,675 per ton in 2022, with an increase of 202% against the previous year. Overall, the import price saw a noticeable increase. The import price peaked at $3,395 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($2,837 per ton), while the price for the United States totaled $2,567 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Oman (-4.5%).

Liquefied Propane Exports in Qatar

Liquefied propane exports from Qatar reduced dramatically to 54M tons in 2022, with a decrease of -50% on 2021 figures. Over the period under review, exports showed a dramatic descent.

In value terms, liquefied propane exports contracted sharply to $26.7B in 2022. In general, exports recorded a significant curtailment.

Top Export Markets for Liquefied Propane from Qatar in 2022:

1. Singapore (undefinedM tons)
2. China (24.2M tons)
3. India (21.9M tons)
4. Japan (1.2M tons)

Liquefied Propane Imports in Qatar

In 2022, overseas purchases of liquefied propanes decreased by -58.7% to 14 tons, falling for the second year in a row after two years of growth. Overall, imports faced a dramatic curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 8.8%. As a result, imports attained the peak of 47 tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, liquefied propane imports surged to $38K in 2022. Over the period under review, imports showed a abrupt contraction. The pace of growth appeared the most rapid in 2020 when imports increased by 39%. As a result, imports attained the peak of $65K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Top Suppliers of Liquefied Propane to Qatar in 2022:

1. United States (8.4 tons)
2. Netherlands (5.6 tons)

Source: IndexBox Market Intelligence Platform