Price for Petroleum Gases and Other Gaseous Hydrocarbons in Angola - 2022

Contents:

1. Price for Petroleum Gases and Other Gaseous Hydrocarbons in Angola (FOB) - 2022
2. Price for Petroleum Gases and Other Gaseous Hydrocarbons in Angola (CIF) - 2022
3. Exports of Petroleum Gases and Other Gaseous Hydrocarbons in Angola
4. Imports of Petroleum Gases and Other Gaseous Hydrocarbons in Angola

Price for Petroleum Gases and Other Gaseous Hydrocarbons in Angola (FOB) - 2022

In 2022, the average export price for petroleum gases and other gaseous hydrocarbonses amounted to $1,214 per ton, rising by 63% against the previous year. Over the period under review, the export price enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2016 when the average export price increased by 72% against the previous year. The export price peaked at $1,244 per ton in 2019; afterwards, it flattened through to 2022.

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 Spain ($2,185 per ton), while the average price for exports to China ($590 per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+18.5%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Petroleum Gases and Other Gaseous Hydrocarbons in Angola (CIF) - 2022

The average import price for petroleum gases and other gaseous hydrocarbonses stood at $2,197 per ton in 2022, falling by -92.8% against the previous year. Overall, the import price saw a abrupt decline. The growth pace was the most rapid in 2021 when the average import price increased by 637% against the previous year. As a result, import price reached the peak level of $30,503 per ton, and then declined remarkably in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Switzerland amounted to -2.9% per year.

Exports of Petroleum Gases and Other Gaseous Hydrocarbons in Angola

In 2022, exports of petroleum gases and other gaseous hydrocarbonses from Angola soared to 5.4M tons, picking up by 15% on 2021 figures. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 120% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of petroleum gases and other gaseous hydrocarbonses soared to $6.5B in 2022. In general, exports recorded significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 232%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Top Export Markets for Petroleum Gases and Other Gaseous Hydrocarbons from Angola in 2022:

1. India (1874.3K tons)
2. France (733.8K tons)
3. Netherlands (682.9K tons)
4. United Kingdom (606.8K tons)
5. China (221.2K tons)
6. Spain (202.0K tons)
7. Belgium (99.6K tons)

Imports of Petroleum Gases and Other Gaseous Hydrocarbons in Angola

In 2022, imports of petroleum gases and other gaseous hydrocarbonses into Angola skyrocketed to 20K tons, rising by 5,061% compared with the previous year's figure. Over the period under review, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of petroleum gases and other gaseous hydrocarbonses surged to $43M in 2022. Overall, imports recorded significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 1,414%. Imports peaked in 2022 and are expected to retain growth in years to come.

Top Suppliers of Petroleum Gases and Other Gaseous Hydrocarbons to Angola in 2022:

1. Switzerland (19.3K tons)
2. United States (0.1K tons)

Source: IndexBox Market Intelligence Platform