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

Contents:

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

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

In 2022, the average import price for liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes amounted to $796 per ton, growing by 48% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 107% against the previous year. The import price peaked at $3,180 per ton in 2018; however, from 2019 to 2022, 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 the United States ($1,615 per ton), while the price for Nigeria ($262 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes stood at $4,516 per ton in 2022, growing by 60% against the previous year. Over the period under review, the export price continues to indicate a resilient increase. The export price peaked at $6,152 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Belize ($1,499 per ton), while the average price for exports to Guatemala stood at $1,183 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belize (+5.9%).

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

In 2022, supplies from abroad of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes decreased by -35.3% to 250K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2020 with an increase of 81%. As a result, imports attained the peak of 683K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes contracted modestly to $199M in 2022. Overall, imports saw a dramatic setback.

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

1. Nigeria (168.2K tons)
2. United States (80.9K tons)
3. Canada (23.9K tons)

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

In 2022, exports of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes from Mexico contracted remarkably to 57 tons, which is down by -55.2% against 2021 figures. In general, exports saw a sharp downturn. The growth pace was the most rapid in 2021 with an increase of 56% against the previous year.

In value terms, exports of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes declined notably to $257K in 2022. Over the period under review, exports faced a dramatic contraction. The smallest decline of -28.4% was in 2021.

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

1. Belize (98.6 tons)
2. Guatemala (5.3 tons)

Source: IndexBox Market Intelligence Platform