Price for Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Iran - 2022

Contents:

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

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

In 2022, the average export price for liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes amounted to $265 per ton, dropping by -6.4% against the previous year. Over the period under review, the export price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2019 when the average export price increased by 98% against the previous year. The export price peaked at $779 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Pakistan ($359 per ton), while the average price for exports to Afghanistan ($174 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 Pakistan (-3.7%), while the prices for the other major destinations experienced a decline.

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

In 2022, the average import price for liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes amounted to $405 per ton, leveling off at the previous year. Overall, the import price, however, showed a perceptible decline. The growth pace was the most rapid in 2015 when the average import price increased by 1.2% against the previous year. The import price peaked at $603 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Kazakhstan.

From 2012 to 2022, the rate of growth in terms of prices for Kazakhstan amounted to +62.3% per year.

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

In 2022, approx. 760K tons of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes were exported from Iran; increasing by 16% against the year before. The total export volume increased at an average annual rate of +3.3% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes expanded remarkably to $201M in 2022. The total export value increased at an average annual rate of +8.4% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 35% against the previous year. As a result, the exports attained the peak of $213M. 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 Iran in 2022:

1. Pakistan (367.2K tons)
2. United Arab Emirates (185.7K tons)
3. Afghanistan (65.9K tons)
4. India (15.7K tons)

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

For the third consecutive year, Iran recorded decline in overseas purchases of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes, which decreased by -20% to 687 tons in 2022. In general, imports showed a significant contraction. The smallest decline of -20% was in 2020.

In value terms, imports of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes contracted rapidly to $278K in 2022. Overall, imports faced a dramatic setback.

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

1. Kazakhstan (0.3 tons)

Source: IndexBox Market Intelligence Platform