Price for Petroleum gases and other gaseous hydrocarbons; liquefied, n.e.s. in heading no. 2711 in Vietnam - 2022

Contents:

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

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

In December 2022, the average import price for liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes amounted to $721 per ton, picking up by 5% against the previous month. Overall, the import price, however, recorded a slight reduction. The growth pace was the most rapid in March 2022 an increase of 15% m-o-m. Over the period under review, average import prices reached the maximum at $1,028 per ton in April 2022; however, from May 2022 to December 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In December 2022, the highest price was recorded for prices from Thailand ($731 per ton) and China ($730 per ton), while the price for Malaysia ($654 per ton) and Indonesia ($713 per ton) were amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Thailand (-0.5%), 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 Vietnam (FOB) - 2022

The average export price for liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes stood at $768 per ton in 2022, picking up by 32% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible reduction. The export price peaked at $1,122 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 external markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($592 per ton), while the average price for exports to Cambodia totaled $592 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (-4.5%), 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 Vietnam

In 2022, approx. 633K tons of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes were imported into Vietnam; falling by -23.3% against the previous year. Overall, imports showed a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of 2.5%.

In value terms, imports of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes soared to $517M in 2022. The total import value increased at an average annual rate of +5.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. China (405.3K tons)
2. Brunei Darussalam (176.9K tons)
3. Malaysia (94.8K tons)
4. Indonesia (57.1K tons)
5. Thailand (55.5K tons)
6. Singapore (25.8K tons)

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

In 2022, exports of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes from Vietnam surged to 241K tons, rising by 37% compared with 2021. Overall, total exports indicated a moderate expansion from 2019 to 2022: its volume increased at an average annual rate of +4.1% 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 increased by +75.6% against 2020 indices. 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 surged to $185M in 2022. Over the period under review, exports showed a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Cambodia (152.1K tons)
2. Philippines (4.5K tons)

Source: IndexBox Market Intelligence Platform