Price for Petroleum gases and other gaseous hydrocarbons; liquefied, n.e.s. in heading no. 2711 in Azerbaijan - 2023

Contents:

1. Price for Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Azerbaijan (CIF) - 2022
2. Price for Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Azerbaijan (FOB) - 2022
3. Imports of Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Azerbaijan
4. Exports of Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Azerbaijan

Price for Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Azerbaijan (CIF) - 2022

In 2022, the average import price for liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes amounted to $307 per ton, picking up by 53% against the previous year. Overall, the import price, however, showed a drastic downturn. The import price peaked at $676 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Romania ($6,247 per ton), while the price for Iran totaled $1,774 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+8.4%), while the prices for the other major suppliers experienced a decline.

Price for Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Azerbaijan (FOB) - 2022

In 2022, the average export price for liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes amounted to $488 per ton, picking up by 4.5% against the previous year. In general, the export price, however, showed a mild contraction. The pace of growth appeared the most rapid in 2017 an increase of 17%. The export price peaked at $593 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Pakistan ($540 per ton), while the average price for exports to Turkey totaled $452 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+7.6%), while the prices for the other major destinations experienced a decline.

Imports of Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Azerbaijan

In 2022, purchases abroad of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes decreased by -43.6% to 24 tons, falling for the second consecutive year after two years of growth. Overall, imports saw a abrupt decline. The pace of growth appeared the most rapid in 2020 when imports increased by 90%. As a result, imports attained the peak of 64 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes dropped to $7.4K in 2022. In general, imports saw a abrupt slump. The smallest decline of -13.8% was in 2021.

Top Suppliers of Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene to Azerbaijan in 2022:

1. Iran (23.0 tons)
2. Romania (1.2 tons)

Exports of Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Azerbaijan

In 2022, shipments abroad of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes decreased by -20.2% to 1.3K tons, falling for the second year in a row after two years of growth. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 50% against the previous year. As a result, the exports attained the peak of 1.9K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes dropped significantly to $632K in 2022. Over the period under review, total exports indicated a slight expansion from 2019 to 2022: its value increased at an average annual rate of +1.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -31.0% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 53%. As a result, the exports attained the peak of $916K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Top Export Markets for Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene from Azerbaijan in 2022:

1. Turkey (1442.5 tons)
2. Pakistan (340.5 tons)

Source: IndexBox Market Intelligence Platform