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

Contents:

1. Price for Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in the United States (FOB) - 2022
2. Price for Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in the United States (CIF) - 2023
3. Exports of Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in the United States
4. Imports of Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in the United States

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

In 2022, the average export price for liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes amounted to $679 per ton, with an increase of 33% against the previous year. Over the period under review, the export price, however, saw a perceptible reduction. The growth pace was the most rapid in 2021 when the average export price increased by 114% against the previous year. The export price peaked at $1,695 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($841 per ton), while the average price for exports to Mexico amounted to $792 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+0.1%).

Price for Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in the United States (CIF) - 2023

In December 2023, the average import price for liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes amounted to $711 per ton, rising by 35% against the previous month. Over the period under review, the import price recorded slight growth. The most prominent rate of growth was recorded in January 2023 an increase of 389% month-to-month. As a result, import price attained the peak level of $2,826 per ton. From February 2023 to December 2023, the average import prices remained at a somewhat lower figure.

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

From December 2022 to December 2023, the rate of growth in terms of prices for Canada amounted to +1.7% per month.

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

In 2022, overseas shipments of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes decreased by -1.8% to 430K tons, falling for the second year in a row after two years of growth. Overall, total exports indicated a temperate increase from 2019 to 2022: its volume increased at an average annual rate of +4.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -36.7% against 2020 indices. The growth pace was the most rapid in 2020 when exports increased by 82% against the previous year. As a result, the exports reached the peak of 680K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes skyrocketed to $292M in 2022. In general, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 38%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

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

1. Mexico (329.5K tons)
2. Canada (33.3K tons)

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

For the third consecutive year, the United States recorded decline in overseas purchases of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes, which decreased by -28.7% to 90K tons in 2022. Overall, imports saw a sharp contraction. The smallest decline of -18.2% was in 2020.

In value terms, imports of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes shrank remarkably to $38M in 2022. Over the period under review, imports saw a abrupt decrease. The pace of growth appeared the most rapid in 2020 when imports increased by 40%. As a result, imports attained the peak of $99M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

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

1. Canada (40.9K tons)

Source: IndexBox Market Intelligence Platform