Liquefied Propane Price in Tanzania - 2022

Contents:

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

Liquefied Propane Price in Tanzania (FOB) - 2022

The average liquefied propane export price stood at $903 per ton in 2022, almost unchanged from the previous year. Overall, the export price recorded a perceptible contraction. The pace of growth was the most pronounced in 2016 when the average export price increased by 0.4%. As a result, the export price reached the peak level of $1,641 per ton. From 2017 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to -4.0% per year.

Liquefied Propane Price in Tanzania (CIF) - 2022

In 2022, the average liquefied propane import price amounted to $1,400 per ton, with a decrease of -4.3% against the previous year. In general, the import price, however, recorded a prominent increase. The growth pace was the most rapid in 2013 an increase of 114%. The import price peaked at $1,463 per ton in 2021, and then fell in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($9,633 per ton), while the price for the United States ($1,347 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+39.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Liquefied Propane Exports in Tanzania

In 2022, approx. 144 tons of liquefied propanes were exported from Tanzania; almost unchanged from the previous year's figure. In general, exports continue to indicate a significant increase. The smallest decline of 99.9% was in 2021. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, liquefied propane exports totaled $130K in 2022. Overall, exports enjoyed significant growth. The smallest decline of 99.9% was in 2021. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Top Export Markets for Liquefied Propane from Tanzania in 2022:

1. South Africa (144.4 tons)

Liquefied Propane Imports in Tanzania

In 2022, purchases abroad of liquefied propanes increased by 36% to 8 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a abrupt decrease.

In value terms, liquefied propane imports surged to $11K in 2022. In general, imports, however, saw a deep slump.

Top Suppliers of Liquefied Propane to Tanzania in 2022:

1. United Arab Emirates (undefined tons)
2. Turkey (undefined tons)
3. China (undefined tons)
4. United States (7.3 tons)
5. Chile (0.7 tons)

Source: IndexBox Market Intelligence Platform